- Business
- PJSC Yakutsk Fuel and Energy Company (YATEC) engages in the exploration, production, processing, and sale of natural gas and gas condensate in the Republic of Sakha (Yakutia), Russia. Founded in 1967 and headquartered in Kysyl-Syr, Vilyuysky District, the company operates commercial production at the Srednevilyuiskoe and Mastakhskoe gas condensate fields; conducts exploration at the Tolonsky license area with production launch scheduled before 2025; and appraises fields including Tymtaidakh, Maisky, Severny, Yuzhny, Sobolokhsky, Bappagay, and Tingnary, while holding licenses for 10 subsoil areas in Yakutia and 2 in the Republic of Kalmykia. Its core products and services comprise natural gas supplied to consumers in Yakutia and wholesale to 16 regions of the Russian Federation; stable gas condensate (SGC); liquefied hydrocarbon gas; propane-motor fuel; gasomotive fuel from 16 fuel stations and 4 gas stations; and geological survey services, with additional motor fuels production and export activities to East Asia and other markets. YATEC reports gas reserves of 659 billion cubic meters (A+B1+B2+C1+C2 categories) and condensate reserves of 37 million tons across its license areas. In recent developments, the company revises its development strategy by suspending the Yakutsk LNG project to prioritize gas supplies for digital and high-tech industries including data centers, mining, and cloud computing; initiates construction of a 200 MW gas generation facility with partners; completes key modernization of the Srednevilyuiskoe unstable gas condensate collection point; constructs a new energy complex in Kysyl-Syr; and confirms credit rating A(RU) stable in March 2025, while expanding procurement transparency and sustainable practices such as ecological monitoring and waste neutralization for Arctic conditions. The company targets energy-intensive sectors, residential, and industrial customers primarily in Russia's Far Eastern Federal District, with annual gas production around 1.96 billion cubic meters, condensate processing of 123 thousand tons, and revenue of approximately 8.2 billion rubles.