OREANDA-NEWS. NOVATEK (“NOVATEK” and/or the “Company”) announced today that first two (out of four) gas condensate stabilization trains with three (3) million tons per annum overall capacity were launched as part of a project for expanding capacity of the Purovsky plant from five (5) to 11 million tons.

Construction works are currently being finalized at the remaining two trains with 1.5 million tons per annum capacity each.

According to NOVATEK's CEO, Leonid Mikhelson, “Expansion of the Purovsky plant allows us to increase hydrocarbon production volumes due to ability to process additional volumes of gas condensate from our newly launched fields”.

First stage of the Purovsky plant was launched in 2005. With the launch of second stage in 2008 capacity of the plant increased from 2 to 5 million tons per annum. The plant processes de-ethanized (unstable) gas condensate produced at NOVATEK's fields. Gas condensate pipeline network has been built to supply feedstock to the plant. Main product of the Purovsky plant is stable gas condensate, which is supplied by rail to NOVATEK's Ust-Luga Complex for further processing into a basket of products. Purovsky plant also produces LPG and methanol.