In early July 2019, the Government issued a decree ordering to auction the Soletsko-Khanaveyskoye discovery in Yamalo-Nenets Autonomous Okrug (Western Siberia) by the end of 2019. It is understood that the winner must liquify all produced gas locally, leaving Novatek as the only company with the required capacities. The starting price is estimated around RUB 2.4 billion (USD 38 million).  The Soletsko-Khanaveyskiy block covers 8,202 sq km in the Gydan Peninsula (South Kara-Yamal Province), south of the Gydanskoye discovery operated by Novatek. In addition to the discovery with 3P gas reserves of 5.3 Tcf, the block encompasses several prospects. Its undiscovered gas resources are estimated at 62 Tcf.
In early July 2019, the Government issued a decree ordering to auction the Soletsko-Khanaveyskoye discovery in Yamalo-Nenets Autonomous Okrug (Western Siberia) by the end of 2019. It is understood that the winner must liquify all produced gas locally, leaving Novatek as the only company with the required capacities. The starting price is estimated around RUB 2.4 billion (USD 38 million). The Soletsko-Khanaveyskiy block covers 8,202 sq km in the Gydan Peninsula (South Kara-Yamal Province), south of the Gydanskoye discovery operated by Novatek. In addition to the discovery with 3P gas reserves of 5.3 Tcf, the block encompasses several prospects. Its undiscovered gas resources are estimated at 62 Tcf.