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...

This story is part of New Europe's Premium content.

To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑
new europe join now