Structure of NOVATEK will get the license for gydansky gas area in the YANAO

© RIA Novosti / Evgeny to Betemporary in photobacteria headquarters company NOVATEK on Leninsky Prospekt in Moscow. Archival photoStructure of NOVATEK will get the license for gydansky gas area in the YANAO© RIA Novosti / Evgeny to Betemporary the image Bank

«Arctic LNG 1» (subsidiary of «NOVATEK») has won the auction for the right to receive the licence to develop the gydansky gas field in the Yamalo-Nenets Autonomous district, designed for the production of LNG will pay 2.26 billion rubles, said Minister of natural resources and ecology of Russia Sergey Donskoy.

«In the auction for Gydanskoye field in Yamalo-Nenets won the company «Arctic LNG 1″. The auction ended after one step, the total payment amounted to 2.26 billion rubles,» — said Donskoy told reporters.

«The development of the site is the next priority for the state project of development of the industry of liquefied natural gas (LNG) on the Yamal Peninsula and Gydane. This is an opportunity for Russia to the promising market, which will provide a growing level of gas consumption in developing countries,» he said.

«Russia will be able to borrow in this rapidly growing LNG market a significant proportion adequate to their huge resource security. Implementation will require huge investments, synergies for the territorial development of the region and industrial development of the country as a whole,» the Minister added.

SPECIAL CONDITIONS OF THE AUCTION

In the auction for Giganskoe the field was attended by two companies: «Arctic LNG 1» and another subsidiary company of «NOVATEK» — «NOVATEK-Yurkharovneftegaz». The starting fee for the auction amounted to 2 billion rubles.

Among the license terms to develop the field there is obligatory the use of subsoil resources for the field to LNG production in existing and planned on the basis of decisions of the government of the Russian Federation on the territory of YANAO and the facilities of natural gas liquefaction facilities and related infrastructure. NOVATEK plans in 2017 to Commission the first phase of the project «Yamal LNG». The company also plans construction of a plant «Arctic LNG 2» on the Gydan Peninsula in YNAO.

Giganskoe gas field is located 600 kilometers North-East of the city of Salekhard, 320 kilometers North-East of the village of New Port, and 108 km South-West of the village of Gyda. The Deposit is located in the undistributed Fund.

The size of the reserves of the field belongs to the class of major, and the degree of industrial development to scout. The gas reserves in the field for the category C1 is 58.3 billion cubic meters, category C2 — 57.7 billion cubic meters. Gas resources by category C3 are 361,4 billion cubic meters of gas. Recoverable condensate resources amount to at category C3 31.8 million tons.

Source