Chapter NOVATEK saw in the U.S. sanctions competition project " Yamal LNG "

NOVATEK considered unfounded by any organization in the U.S. sanctions list, imposed because of the situation in Ukraine, And considers this to be an unhealthy competition with the project " Yamal LNG from the United States, said the President And co-owner of the organization Leonid Mikhelson.
" Talked to the official U.S. persons, on what grounds were included in the sanction lists. Reasoned response is not received by the established criteria NOVATEK didn't have to get under punishment. See this unhealthy competition our Yamal project, "said Mickelson, who is quoted by RIA" Novosti ". He also said That the organization does not discuss the issue of withdrawal of its shareholders Gennady Timchenko, also came under punishment." I think That even if it happens, it will have no impact, " said Michelson. Mickelson added That the current decline in global oil prices do not have a significant negative impact on the competitiveness of the project " Yamal LNG "." The project has a large margin of safety. We know today all operating expenses. We have signed a large part of the contracts of the time-charters. And even lower oil prices than the current, our Project stands, " said Michelson." We are not raising the question of reduction of staff, and working efficiency, to reduce operating costs wherever it may be. As for investment, it is also nothing to reduce not going to carry out in full. Without consideration of the project " Yamal LNG ", the plan investments are lower than in the previous year to an estimated 15%, " said Michelson." gas expected production growth of more than 6%. The main increase will be in liquid - more than 40% with respect to the implementation of projects that I have told you, " said Michelson. According to him, will be introduced in the spring of two object - Yaro-Yakhinskoye field in the framework of the Arktikgas "(JV with Gazprom oil " ) And a small gas-condensate field, which develops Terneftegaz (joint Project with Total, NOVATEK owns 51%)." And in the fall we will start using oil Yarudeyskoye field, " added Michelson. According to the results of next year, the Company hopes to further increase the production of liquid hydrocarbons." in 2016, then We will enter a large oil field in the fourth quarter of this year, will also be a large Increase in the production of liquid hydrocarbons, " added Michelson. At the end of December, the Prime Minister of Russia Medvedev D. A. signed on behalf of the allocation for the Project NOVATEK's Yamal LNG from the funds of the national welfare Fund (NWF) to 150 billion rubles. November 10, co-owner of the Agency, Gennady Timchenko said That NOVATEK conducts dialogues with Chinese banks to raise payment for Yamal LNG in RMB And are willing to pay for the supply of equipment in the Chinese currency.


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sections: Politics