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NOVATEK launches second phase at Purovsky Gas Condensate Processing Plant
18 November 2008
Moscow, 19 November 2008. OAO NOVATEK (hereinafter «NOVATEK» and/or the «Company») is pleased to announce that it has completed and launched the second phase of its Purovsky Gas Condensate Processing Plant («Purovsky Plant»). The commissioning of the second phase enables the Company to increase processing capacity to 5 million tons («mmt») per annum, comprising 3.75 mmt of stable gas condensate and 1.25 mmt of LPG per annum.
The two phases of the Purovsky Plant were completed over a
The commencement of operations at the Purovsky Plant has proved a vital link in NOVATEK’s
The Purovsky Plant will continue to have a significant social impact in the region by developing infrastructure, creating new jobs and increasing tax revenues.
PAO NOVATEK is the largest independent natural gas producer in Russia, and in 2017, entered the global LNG 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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