Novatek Called for the Creation of a Program to Support the Production of Hard-to-Recover Gas
Deputy Chairman of the Board of the company Vladimir Kudrin noted that the production of HRR in the Nadym-Pur-Taz region is complicated by the difficulty of developing these reserves and expensive technologies
Novatek called on the government to create a program to support technologies for the production of hard-to-recover gas, the reserves of which the company estimates at 5 trillion cubic meters. m, and the production potential is 70 billion cubic meters. m per year. This was stated by Deputy Chairman of the Board of the company Vladimir Kudrin, speaking at the TNF Industrial and Energy Forum.
“I’ll give an example of a road map for the localization of LNG [technologies]. Without state support, creating such a technological base seemed unfeasible. It would be right to extend this support mechanism to technologies for the extraction of deep horizons [gas reserves]. We consider it right to develop with industry companies and approve a program to support the development of hard-to-recover reserves “, he noted.
According to him, historically the main gas production region in the USSR and Russia was the Nadym-Pur-Taz region, and now the Cenomanian stage (where it is easiest to extract gas) is 80% depleted, so the country needs to move to the active stage of developing hard-to-recover reserves.
Kudrin noted that the production of HRR in the region is complicated by the difficulty of developing these reserves and expensive technologies.
“If we add up these factors, then with the current tax regulation, the production of HRR is unprofitable,” the top manager added.
He noted that if we only engage in the development of new gas provinces, then these 5 trillion cubic meters. m of hard-to-recover reserves will be lost to the country.
“According to our estimates, their production potential is about 70 billion cubic meters per year,” he specified.
Kudrin noted that even though there is now a surplus of production capacity on the Russian market, by 2030-2035 the situation may change, and Russia will not be able to satisfy the increased demand in the market.
“The fundamental technologies for producing HRR are available to us, but they need to be replicated,” Kudrin emphasized.
About the forum
The TNF Industrial and Energy Forum (formerly the Tyumen Oil and Gas Forum) is the main industry platform in Russia, bringing together suppliers and customers to find and implement joint solutions in the energy sector. The forum takes place from September 18 to 21 in Tyumen, the organizers expect that more than 10 thousand guests will take part in it. The forum brought together more than 80 events, 700 representatives of oil and gas companies, and the exhibition brought together 68 participating companies. TASS is the general information partner of the forum.
