HISTORY OF YATEC
Our Company was founded in 1967, at the same time with the first practical actions aimed to gas infrastructure expansion in the Republic of Sakha. In the following 55 years, YATEC specialists were developing new fields in the harsh climate conditions of Yakutian nature to supply heat and energy to the homes of the local residents and enterprises of the northernmost Russian region. Year upon year the Company has been contributing to social development of Yakutia: YATEC has built dozens of crucial social facilities.
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YATEC has created thousands of jobs. During the operation history of YATEC, several labour dynasties have been established, professional skills become a family heritage and are passed down as ancestral relics.
2019 may be called a start of a new historical period for the Company. Since that time new promising operation areas have been developed, production has increased, advanced methods to manage production have been introduced.
Further plans include construction of a main gas pipeline stretching for 1,000+ km from the existing YATEC fields to the shore of the Sea of Okhotsk, as well as construction of an onshore LNG plant at the shore of the Sea of Okhotsk in Khabarovsk Krai.
KEY DATES
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1956
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First Yakutian field, Ust-Vilyuiskoe gas field, was discovered. |
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1963
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Srednevilyuiskoe gas condensate field was discovered.
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1967
1969
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Yakutgazprom Production Association was founded and launched. |
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1967
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Gas supplied to boilers of Yakutskaya Thermal Power Plant. |
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1972
1977
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Launch of Mastakhskoe field. |
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1978
1985
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Gas condensate pre-treatment was arranged at the Mastakhskoe field. First test batches of boiler and furnace fuel and vehicle gasoline were obtained. |
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1986
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The first unstable gas condensate treatment plant was launched at the Srednevilyuiskoe gas condensate field.
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2003
2010
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Yakutgazprom OJSC was renamed into Yakut Fuel and Energy Company, OJSC.
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2010
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The Company expands its fuelling station network in Yakutsk, Vilyuisky and Kobaysky uluses. |
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2015
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Commissioning of a gas processing plant. First commercial procurement of propane-butane to the consumers in Yakutia, Transbaikal and other regions. |
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2019
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Corporate governance passed on to the new owner, A-Property.
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2020
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The Company has been listed as a backbone enterprise of the Russian Federation in fuel and energy sector. |
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2020
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Total proven reserves of natural gas of the Company grew to 392.2 bcm of gas and 17.1 mn tons of gas condensate. |
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2020
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YATEC resumed gas production at Mastakhskoe field.
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2021
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YATEC has increased its areas of subsoil use 23-fold by winning 3 bids of Federal Subsoil Resources Management Agency (Rosnedra) receiving the license to use subsoil reserves, to prospect, explore and produce hydrocarbons at Severny, Yuzhny and Maisky areas. A total area of 43.5 thousand sq. km in the Republic of Sakha (Yakutia) scores a total resources of 359.1 bcm of gas, 21.6 mn tons of gas condensate, and 64.2 mn tons of oil. |
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2021
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YATEK won 4 bids of Rosnedra for subsoil use to perform prospecting, exploration and production of hydrocarbons at Severny, Yuzhny, Maisky and Sobolokscky areas in the Republic of Sakha (Yakutia).
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2021
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YATEC gas resources have grown to 453 bcm, partly due to discovery of Khailakhskoe gas condensate field accounting for 33+ bcm of reserves. |
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2021
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In summer 2021, the first private LTE network in Yakutia was built and launched at the Srednevilyuiskoe gas condensate field upon the request by YATEC. |
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2021
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The Company has performed a rebranding, both external and internal. Change of the corporate image is a new DNA of the Company as it sets new targets and plans and is already implementing them proactively. |
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2021
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Last autumn, YATEC and Charity Foundation Novy dom (“New Home”) completed stage 1 of a major reconstruction of a public school in Kyzyl-Syr settlement. |
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2022
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YATEC is successfully continuing the work started half a century ago, by running seismic prospecting to increase resources of the Company, and by providing the Republic with gas and fuel.
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