Novatek starts up new gas cluster
Russia's Novatek has brought fields in the Yevo-Yakhinsky cluster in the Yamalo-Nenets region of west Siberia into production, the company reported on May 16.
Pilot production has started at the Yevo-Yakhinskoye and Ust-Yamsoveyskoye fields, as well as at a section of the Urengoyskoye field that is situated in the Olimpiysky licence area, Novatek said. Combined production at the cluster is expected to reach 4bn m3 of gas and 1.3mn metric tons of condensate.
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CEO Leonid Mikhelson noted the cluster would be used to supply the domestic gas market.
Novatek's main focus is on LNG development, but it is now struggling to implement new projects in the wake of Western sanctions and TotalEnergies and others freezing investment in Russia. The company produced 20.64bn m3 of gas and 2.95mn mt of liquids in the first quarter of 2022, up 2.4% and down 5.6% respectively year/year.