5 Feb 2010 11:49

NOVATEK plans to produce 37 bcm of gas in 2010

MOSCOW. Feb 5 (Interfax) - NOVATEK plans to produce 37 billion cubic meters of gas in 2010.

That is the volume that NOVATEK requested and received permission to ship in Gazprom's pipeline system, a source at Gazprom said.

The production figure for 2010 is subject to change, the source said.

NOVATEK produced 32.78 bcm of gas in 2009, 6.2% more than in 2008. The target for 2010 puts production growth for the year at almost 13%.

It was reported earlier that NOVATEK added a second line of wells at the Yurkharovskoye field in 2009, boosting capacity to almost 44 bcm a year.

The company plans to add a third well complex to the second line at the field in the third quarter of 2010, further increasing capacity to 51 billion cubic meters a year.