In the following years control over Severneftegazprom was gained by Itera and later regained by Gazprom.

[2] In 2004, Gazprom started negotiations with BASF and E.ON over development the Yuzhno-Russkoye field.

The inauguration ceremony launching work on the field was held on 18 December 2007.

It is designated to become the main natural gas supply for the Nord Stream 1 pipeline.

[5][6][7] The licence for the Yuzhno-Russkoye field is owned by Severneftegazprom, the subsidiary of Russian gas company Gazprom.