Gazprom to Form Joint Venture with Novatek - Novatek will Gain from Gazprom’s Gas Pipeline Network Connecting Yamal to Europe - Deal analysi form GlobalData
Summary
OAO Gazprom (Gazprom) agreed to form a joint venture (JV) with OAO Novatek (Novatek), a company engaged in the exploration, production and processing of natural gas and liquid hydrocarbons, to build up integrated capacities for liquefied natural gas (LNG) production in the Yamal peninsula, Russia.
The joint venture will develop the Tambey fields to increase liquefied natural gas production capacity in the Yamal peninsula. Upon the development of Tambey fields, Gazprom estimates it will produce up to 20 billion tons of LNG every year, from estimated reserves of 1.56 trillion cubic meters (tcm).
Upon completion of the transaction, Gazprom will hold 75% interest, while the remaining 25% interest will be held by Novatek in the joint venture.
Scope
- Rationale behind Novatek and Gazprom forming joint venture
- Stratigic benefits for the companies involved in the transaction
- Geography covered - Russia
Reasons to buy
- Develop a sound understanding of the major projetcs and Joint Ventures undertaken by in the Yamal Peninsula and the rationale of forming JV with Novatek
- Plan project locations and project types to capitalize on the growing E&P market
- Identify the most suitable region to invest in new E&P assets
Keywords
Gazprom, Novatek, Tambey, Yamal peninsula, Yamal Mega Project, Gydan peninsula, Sabetta |