NOVATEK’s primary processing asset is the Purovsky Gas Condensate Stabilization Plant (Purovksy Plant) which is located in the YNAO and in close proximity to the East-Tarkosalinskoye field.

 

In line with its strategy to further develop its capacity for hydrocarbon processing and increase sales volumes of higher value added products NOVATEK launched the first phase of the Purovsky Plant in June 2005 providing the Company with two million tons per annum of unstable gas condensate processing capacity.

 

In November 2008, the plant’s processing capacity was expanded to five million tons per annum allowing it to produce approximately 3.7 million tons of stable gas condensate and approximately 1.3 million tons of liquefied petroleum gas (LPG) per annum. The expansion also included increasing the plant’s storage capacity for stable gas condensate to 90 thousand cubic meters.

 

In 2009, the Purovsky Plant processed 2.8 million tons of de-ethanized unstable gas condensate, or 28% more than in 2008, resulting in the commercial production of 2.1 million tons of stable gas condensate and 760 thousand tons of LPG as well as 6.3 thousand tons of methanol produced during the LPG scrubbing process. The Purovsky Plant operated at approximately 60% of full capacity during 2009 providing the Company with the ability to continue developing its geologically complex fields. 

 

In the second quarter and first half 2010, NOVATEK processed 833 and 1,649 thousand tons, respectively, of unstable gas condensate at the Purovsky Gas Condensate Processing Plant.