NOVATEK chairman Leonid Mikhelson has confirmed that the Russian independent will bid for the Gydansky block in a remote area of the Yamal-Nenets autonomous region in West Siberia, writes Vladimir Afanasiev.

Speaking to reporters in Beijing, China, Mikhelson indicated that the company is interested in obtaining a licence for the block under its long-term ambitious plan to grow LNG production in the north of Russia.