On 30 October 2019, the Russian Government published a decree announcing an auction for the Bukharinskiy block of the State Significance in Yamalo-Nenets Autonomous Okrug (Western Siberia). All deadlines and date of the auction will be published shortly. Ownership of licenses in the region and existing or planned LNG facilities are the pre-conditions for applicants. Only Novatek meets the requirements. The winner of the auction will receive a 30-year license with a 10-year exploratory stage. Additional information can be requested from:  Rosnedra,  123995, Moscow  B.Gruzinskaya Str., 4/6  Tel/Fax: +7 (499) 254-29-11  Email: spogonyailova@rosnedra.gov.ru    The Bukharinskiy block covers 2,447 sq km including 1,608 sq km in the south-western part of the Gydan Peninsula and 839 sq km in the Ob and Taz estuaries (South Kara-Yamal Province). It encompasses the Bukharinskaya prospect with D0 resources estimated at 33.464 Tcf of gas and 237 MMbbl of condensate. Hydrocarbon resources (categories D1+D2) of the block are estimated at 7.292 Tcf of gas and 351 MMbbl of condensate. The starting price amounts to RUB 2,133.2 million (USD 33 million).
On 30 October 2019, the Russian Government published a decree announcing an auction for the Bukharinskiy block of the State Significance in Yamalo-Nenets Autonomous Okrug (Western Siberia). All deadlines and date of the auction will be published shortly