Novatek launches plant to enlarge Russia's gas condensate output by 20%

24-Nov-08

Russia's biggest independent gas producer Novatek has boosted Russia's gas condensate output by 20% with the launch of the second phase of the Purovsky refining plant in the Urals region. As global petrochemical giants cut output, Novatek Novatek's new plant will be able to double its gas condensate output in about 2 or 3 years. By that time, analysts hope the market will get back to normal and the firm will be ready to cash in on renewed demand.