NOVATEK expands gas condensate capacity at the east tarkosalinskoye field
Moscow, 23 December 2005. OAO NOVATEK (RTS: NVTK) today announced that it has launched the second phase
To reach the field’s planned capacity of 4.3 billion cubic meters of separator (or wet) gas and up to 900 thousand tons of gas condensate per annum, the Company is planning to drill additional valaginian formation wells as well as increasing the capacity of the field’s condensate
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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”.