The Arkticheskoye and Neytinskoye fields have combined estimated hydrocarbon reserves of 2.9 billion barrels of oil equivalent (boe), including 413 billion cubic meters (bcm) of natural gas and 28 million tons of liquids.
The Board of Directors of PAO NOVATEK resolved to create a subsidiary called NOVATEK – LNG Fuel, which will construct small-scale LNG plants, facilitate LNG wholesale markets and develop a retail network for LNG as a motor fuel.
The milestone cargo was loaded on the Arc7 ice-class tanker “Nikolay Zubov” and represented the 685th cargo of LNG dispatched since the first cargo in December 2017.
Russian energy company Novatek has announced that its subsidiary Novatek Gas & Power Asia has signed a long-term contract with the Chinese state-owned company Shenergy Group.