Russia: Novatek, Gazprom Consider Increasing Yamal LNG Production Capacity

OAO Novatek announced today that the Company’s Chairman of the Management Board, Leonid Mikhelson, and the Chairman of the Management Board of OAO Gazprom, Aleksey Miller, held a working meeting which was also attended by the Chairman of the Management Board of Gazprombank (OAO), Andrey Akimov.

The purpose of the meeting was the discussion of possible joint projects between Novatek and OAO Gazprom to increase LNG production capacity near the port of Sabetta, located on the Yamal peninsula, through the development of new fields in the northern part of the peninsula, as well as considering the possibility of a joint development strategy for the hydrocarbon resources of the Gydan peninsula to offset declining production in the Nadym-Pur-Taz region.

[mappress]

LNG World News Staff, January 20, 2012