9 BCM START UP PHASE COMPLETED AT YURKHAROVSKOYE FIELD

15 July 2004

14 July, 2004. OAO Novatek’s wholly-owned subsidiary, OOO Yurkharovneftegas, has completed the first of three phases of development at the Yurkharovskoye field increasing production capacity to 9 billion cubic meters (bcm) of natural gas per year.

The Company recently launched into commercial operation the second, 3.6 bcm section of the Complex Gas Preparation Unit, which includes modern processing facilities for the preparation of Valanginian gas and initial preparation of Cenomanian gas, a distinctive feature of the new Complex Gas Preparation Unit. The initial 5.4 bcm gas dehydration and separation plant was completed in January 2003. In May 2004, a gas pipeline was commissioned increasing gas transportation capacity to 25 million cubic meters per day. The construction of the first phase and start-up operations has been completed according to schedule. Planned production at the Yurkharovskoye field is 27 bcm.


PAO NOVATEK is one of the largest independent natural gas producers in Russia, and in 2017, entered the global gas market by successfully launching the Yamal LNG project. Founded in 1994, the Company is engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons. The Company’s upstream activities are concentrated mainly in the prolific Yamal-Nenets Autonomous Region, which is the world’s largest natural gas producing area and accounts for approximately 80% of Russia’s natural gas production and approximately 15% of the world’s gas production. NOVATEK is a public joint stock company established under the laws of the Russian Federation. The Company’s shares are listed in Russia on Moscow Exchange (MOEX) and the London Stock Exchange (LSE) under the ticker symbol “NVTK”.

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