An auction was held this morning for 27-year rights to the 2,447-sq km Bukharinskiy block (of state significance) in the Gydan peninsular area (Ob and Taz bays), Yamal-Nenets AO, W. Siberia. Novatek was the sole potential applicant meeting the bid criteria, namely ownership of regional licences and of existing or planned LNG facilities, and won the block with a USD 37.8 MM offer.
Novatek won the 2,447-sq km Bukharinskiy block (of state significance) in the Gydan peninsular area (Ob and Taz bays), Yamal-Nenets AO, W. Siberia.