Yakutsk Fuel and Energy Company JSC is the main gas extracting company of the Republic of Sakha (Yakutia), having the licenses for industrial development of Srednevilyuiskoe and Mastakhskoe Gas Condensate Fields, geological survey, prospection and extraction of Mirninskoe and Tolonskoe hydrocarbon resources, and for geological survey with the purpose of tracing and evaluating fields within the limits of the Tymtaydakhsky part of the Republic of Sakha (Yakutia).
The reserves of natural gas of categories S1 and S2 are evaluated at 203 billion cubic meters, with oil and gas condensate at 14 million tons.
YATEC is the sole company providing gas to the central region of the Republic of Sakha (Yakutia). The share of YATEC in the extraction of natural gas in the territory of the Republic amounts to approximately 86 %, whereas the company meets 100% of the whole demand of Yakutsk.
The annual extraction volume is 1.6 billion cubic meters of gas and 85 thousand tons of gas condensate. From the standpoint of extraction of natural gas, YATEC is among the ten largest gas producing regional companies of Russia. Since its establishment, YATEC has provided over 40 billion cubic meters of natural gas to consumers.
Yakutsk Fuel and Energy Company OJSC is a part of the oil and gas unit of Summa Group.
Summa Group is a diversified private holding with significant investments in port logistics, engineering, construction, telecommunications and the oil and gas sectors.
Our companies employ more than 10,000 people in almost 40 regions of Russia and abroad. Mr. Ziyavudin Magomedov is the founder and shareholder of the Group (www.summagroup.ru/en).