MOSCOW, October 23 (RIA Novosti)
- Russia’s Arctic Rush ‘Potential Gravy Train’ – Analysis
- New Arctic Drift Station Launches
- Russia to Base MiG-31 Interceptors in Arctic
- Rosneft, ExxonMobil Open Bidding for Arctic Oil Rigs
- Russia to Set Up Naval Infrastructure in Arctic – Patrushev
Russian energy giant Gazprom officially launched production on Tuesday at its giant Bovanenkovo gas field on the Yamal Peninsula in the Arctic.
The field, with estimated reserves of 4.9 trillion cubic meters of natural gas, was launched by Gazprom CEO Alexei Miller, while Russian President Vladimir Putin attended via a video link-up.
The Bovanenkovo field is expected to produce 46 billion cubic meters of natural gas next year and build annual output to 115 billion cubic meters by 2017, and eventually to 140 billion cubic meters.
Explored and estimated natural gas reserves (ABC1+C2) on the Yamal Peninsula total 16 trillion cubic meters. Forecast reserves amount to nearly 22 trillion cubic meters.
By 2020, the Yamal Peninsula is expected to account for 20-25 percent of Gazprom's output.
Add to blog
You may place this material on your blog by copying the link.
The main event of the third day of the 11th meeting of the Valdai International Discussion Club in Sochi was the closing session with President Vladimir Putin. The atmosphere was calm and open, despite the current political tensions and the Russia-West confrontation. The Russian president said that it corresponded to the spirit of the Valdai Club.