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A liquefaction by Solomon

21 October 2022

Kondratiev Sergey V. Principal Director on Economic Studies, Head of the Economic Department

Sergey Kondratiev, Deputy Head of the Economic Department of the Institute for Energy and Finance, commented to the Kommersant newspaper about a possible redistribution of the license to develop the Tambeyskoye field.

NOVATEK has a new opportunity to acquire the fields of one of the largest in the Russian Federation, the Tambey cluster, the licenses for which are owned by Gazprom. The government, according to Kommersant's information, is considering the possibility of returning licensed areas of the cluster with reserves of more than 7 trillion cubic meters to the unallocated fund, after which NOVATEK could participate in an auction to receive its.

According to Sergey Kondratiev, when transferring a deposit to the state fund with a subsequent tender for a development license, the winner can pay up to 40-45 billion rubles. But, according to the analyst, this scenario is unlikely, since Gazprom will try by all means to prevent the loss of the Tambey cluster. Its return to the state fund, adds Mr. Kondratiev, may create problems with the implementation of the project for the construction of an LNG plant and a gas and chemical complex in Ust-Luga together with Rusgazdobycha.

Kondratiev Sergey V. Principal Director on Economic Studies, Head of the Economic Department
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