Exploration & Production

Russia to auction Yamal blocks in June

The Russian government will auction a number of blocks on the Yamal peninsula on 9 June.
By Staff reporter 20 April 2017 0 25561

The Russian government will auction a number of blocks on the Yamal peninsula on 9 June, according to the Russian Energy Ministry.

Participation in the auction, which features gas-rich areas including the Gydanskoye field, will be limited to companies that already hold licences to produce and liquefy gas in the region – namely Novatek, the majority shareholder in Yamal LNG.

However, Sergei Donskoi, Russia’s Natural Resources and Environment Minister, said "we will definitely give it consideration [if any other company showed interest]. No one is restricting those...