Russia’s largest independent natural gas producer Novatek announced on August 3 that Novatek-Tarkosaleneftegas, a wholly owned subsidiary, commenced pilot production from gas condensate bearing layers of the North-Russkoye and East-Tazovskoye fields with cumulative total annual production capacity of 7.7 billion cubic meters of natural gas and 1 million tonnes of gas condensate.
“Our production growth in the area of the Unified Gas Supply System remains one of the key priorities of the Company’s Strategy,” Novatek Chairman Leonid Mikhelson said. “Natural gas produced in the North-Russkiy cluster is intended for the Russian domestic market, which has proved to be very stable as compared to international markets in the recent months. Moreover, the additional volumes of gas condensate will ensure full utilization of our processing facilities,” he added.
Novatek’s upstream activities and joint ventures 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.