As Russian tries to boost liquefied natural gas production, the country’s largest independent gas producer Novatek announced on 30 August that Arctic LNG 1, a wholly owned subsidiary, won the auction for geological survey, exploration and production license for the subsoil area including the SoletskoKhanaveyskoye field located on the Gydan peninsula in Yamal-Nenets Autonomous Region.

According to Novatek, the license area has estimated hydrocarbon resources of 2,183 billion cubic metres of ga...


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