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Co-founder Yota will invest in an LNG project in Yakutia
Globaltek, controlled by A-Property Albert Avdolyan, will invest more than ten billion dollars in a project for the production of liquefied natural gas (LNG) in Yakutia. His design will be engaged in the French Technip.
The company of Yota co-founder Albert Avdolyan, who bought the Yakutsk Fuel and Energy Company for debt, will invest in the Yakutsk Gas Project, which involves the production of up to 13 million LNG per year. As told RBC A-Property representative Anastasia Kharitonova, the project is planned to be implemented on the YATEC resource base.
According to her, Globaltek has already held a tender to develop the concept of the LNG project, which was won by the French Technip. According to the source of the publication, the amount of the contract amounted to five million dollars.
The company plans to make billions in investments in exploration and development of new deposits. The Republic will receive additional access to the Sea of Okhotsk and the opportunity to develop a new transport corridor Yakutsk - Sea of Okhotsk. Globaltek plans to increase reserves at existing and nearby fields, develop production infrastructure, launch condensate processing facilities with the possibility of producing motor fuel or mini-LNG in Yakutia, as well as construct a gas pipeline from the existing YATEK fields to the coast of the Sea of Okhotsk and the construction of a coastal plant on the shore of the Sea of Okhotsk in the Khabarovsk Territory.
A-Property acquired in late April controlling stake in Elga coal project in Yakutia. Also, the railway transport infrastructure of the Mechel group companies came under its control.