Gas Production in Russia in 2023 Decreased By 5.5%
Production level amounted to 636.7 billion cubic meters. Russia in 2023 reduced gas production by 5.5%, to 636.7 billion cubic meters. m, and Russian pipeline gas exports amounted to 91.4 billion cubic meters. m, said Russian Deputy Prime Minister Alexander Novak in an article for the Energy Policy magazine. At …
The Court Rendered A Decision in The Dispute Between Baker Hughes and Yamal LNG For $50 Million
Nefteservis tried to get the interim measures canceled. The Arbitration Court of the West Siberian District rejected the complaint of Baker Hughes Rus Infa LLC. The company was unable to challenge the imposition of interim measures: arrest of accounts in the amount of $50.7 million (at the Central Bank exchange …
Baker Hughes to Appeal to the Court of the Yamal-Nenets Autonomous District Seizure of Assets Worth $50 million
The complaint was received as part of a dispute with Yamal LNG LLC Baker Hughes Rus Infra is challenging the decision of the Arbitration Court of the Yamalo-Nenets Autonomous District. It was issued as part of the proceedings initiated by LLC Yamal LNG. The Russian structure of the American Baker …
The Court Seized the Assets of Baker Hughes for $50 Million at the Request of Yamal LNG
The arbitral tribunal agreed to provisional measures. The Arbitration Court of the Yamalo-Nenets Autonomous District ruled on the application of Yamal LNG LLC. The company filed a demand to seize the assets of the American Baker Hughes Baker Hughes Rus Infra. According to the case file, Yamal LNG demanded the …
LNG Loading Site Will be Built in Yamal
Glavgosexpertiza of Russia issued a positive opinion on the creation of facilities for the shipment of liquefied natural gas within the framework of the Yamal LNG project. The construction site is located in the Yamal district of the Yamalo-Nenets Autonomous Okrug, on the territory of the project for the production, …
Yamal LNG Produces its Billionth Cubic Meter of Tight Gas from Jurassic Reservoirs
PAO NOVATEK (the “Company”) announced that the Company’s joint venture Yamal LNG has produced its billionth cubic meter of gas from the South-Tambeyskoye gas and condensate field’s Jurassic reservoirs on the Yamal Peninsula since the start of production of Jurassic gas in 2020. The Jurassic program, which is one of …
The Unique Yamal LNG Megaproject is Five Years Old Anniversary
On November 29, 2017, the Yamal LNG project received state permission to put into operation the main technological facilities of the first stage of the liquefied natural gas plant, including the first production line, 58 gas wells and large-scale infrastructure. The Yamal LNG megaproject, which provides for the construction of …
NOVATEK: Reports Preliminary Operating Data for 2021
PAO NOVATEK reported today preliminary operating data for the twelve months ended 31 December 2021. In 2021, NOVATEK’s hydrocarbon production totaled 626.0 million barrels of oil equivalent (boe), including 79.89 billion cubic meters (bcm) of natural gas and 12.3 million tons of liquids (gas condensate and crude oil), resulting in …
NOVATEK Reports Preliminary Operating Data for the Third Quarter and Nine Months 2021
PAO NOVATEK reported today preliminary operating data for the third quarter and nine months 2021. In the third quarter 2021, NOVATEK’s hydrocarbon production totaled 149.5 million barrels of oil equivalent (boe), including 19.0 billion cubic meters (bcm) of natural gas and 3.0 million tons of liquids (gas condensate and crude …
NOVATEK Obtains the Arkticheskoye and Neytinskoye Fields
PAO NOVATEK announced today that the Company’s wholly owned subsidiary, Yamal LNG Resource, won the auctions for geological survey, exploration, and production licenses for two subsoil license areas, which includes the Arkticheskoye and Neytinskoye fields on the Yamal Peninsula in the Yamal-Nenets Autonomous Region. The Arkticheskoye and Neytinskoye fields have …