Novatek, Russia Oil and Gas
The company wants to monetize the Yamal gas through new LNG plants.
NOVATEK reduced the processing of deethanized condensate by 10% within Q1 2017.
In Q1 2017 "Novatek" reduced gas production by 8.8% - up to 15.72 billion cubic meters, as follows from the preliminary statements of the company.
The Government has approved the issue of a license to Novatek for the Gydan deposit in the Western Siberia without competition. Previously the PM, D.
In January-March 2017, Rosneft increased its gas production by 3.4% compared to the same period last year to 11.902 billion cubic meters, the Central Dispatch Department of the Fuel and Energy Sect
In January-March 2017, Rosneft reduced its oil production by 0.5% compared to the same period last year to 46.599 million tons.
Gazprom will be able to transfer fields on Yamal to Novatek only through an agreement with the Government of the Russian Federation in case if such a need arises, head of the Federal Agency on Subs
The reserves of gas produced by NOVATEK at the moment were enough for 24 more years, for American companies this period is 9 years, the head of Novatek Leonid Mikhelson stated at the international
In March 2017, the oil and gas condensate production in Russia amounted to 46.739 million tons, which is by 1.4% more than in March 2016 and by 1.6% less than in October 2016.
Novatek has solved the second most difficult task after attracting financing for its largest project of Yamal LNG.