Yakutsk Fuel and Energy Company PJSC (YAKG)
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Yakutsk Fuel and Energy Company PJSC Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Mr. Andrey Vladimirovich Korobov CEO | MOEX Exchange | X9867R107 CUSIP |
| Russia Country | 631 Employees | 23 Apr 2021 Last Dividend | - Last Split | - IPO Date |
Overview
Public Joint Stock Company Yakutsk Fuel and Energy Company is a prominent entity in the energy sector, focusing on the exploration and production of natural gas and gas condensate primarily within the Republic of Sakha. Since its establishment in 1967, the company has grown to become a key player in Russia's energy market, with its headquarters located in Yakutsk, Russia. It operates as a crucial part of the energy landscape, contributing significantly to the local and national energy supply. The operation of this company under the umbrella of A-PROPERTI, OOO, marks it as a subsidiary, highlighting the integrated structure of energy companies in Russia and the strategic importance of Yakutsk Fuel and Energy Company in the broader energy production and exploration ecosystem.
Products and Services
- Natural Gas and Gas Condensate Exploration and Production
This core activity involves the extraction and processing of natural gas and gas condensate, vital components for energy consumption and industrial use. The company focuses on sustainable extraction methods to ensure the efficient use of resources while minimizing environmental impact.
- Liquefied Hydrocarbon Gas Production
Part of its diversified portfolio includes the production of liquefied hydrocarbon gas (LHG), which is used in various applications including heating, cooking, and as an alternative fuel source. This product underscores the company's commitment to offering versatile energy solutions.
- Exploration of Tolonsky and Tymtaidakhsky Blocks
The exploration efforts in the Tolonsky and Tymtaidakhsky blocks signify the company's ongoing initiative to discover and utilize new energy reserves. This exploration is crucial for ensuring long-term sustainability and meeting the increasing energy demands.
- Development of Srednevilyuiskoye and Mastakhskoye Gas Condensate Fields
The active development of these gas condensate fields represents the strategic expansion of the company's production capabilities. By enhancing these fields, Yakutsk Fuel and Energy Company ensures a steady supply of gas condensate, contributing significantly to the region's energy security and economic development.
