+44 207 394 30 90 (London)

Molodtsov: the Ministry of Energy anticipates the growth gas production across Russia up to 700 bcma

Main » News » Molodtsov: the Ministry of Energy anticipates the…

The Russian Ministry of Energy expects the growth of gas production up to 700 bcma. The absolute gas yield will increase, and we expect it to boost to 700 bcma, — as reported by the Deputy Energy Minister Kirill Molodtsov.

“At present, about 80% of Russian gas is extracted in Yamal, with the rate to be maintained in the next 20 years,” — he added.

Alexander Novak, Minister of energy, had earlier noted that the centre of Russian gas production is shifted from Khanty-Mansi towards the Arctic, with the investment of producing companies to further increase.

Source: TASS

MORE

Exclusive: Enterprise Products explores sale of Texas oil terminal stake – document

U.S. pipeline operator Enterprise Products Partners LP is looking to sell its 50% stake in a recently-completed South Texas crude export terminal, according to a marketing document viewed by Reuters. Enterprise is weighing an exit from the joint venture with terminal operator Plains All American Pipeline LP after proposing to build its own offshore port…


Novatek says ships 1st Yamal LNG cargo via Northern Sea Route

Russia’s largest independent natural gas producer, Novatek said Wednesday it shipped the first liquefied natural gas cargo from its giant Yamal LNG export plant via the Northern Sea Route. The 172,000-cbm ice-class LNG carrier Vladimir Rusanov left the Yamal LNG port in Sabetta on June 25 and is heading towards China, Mark Gyetvay, Novatek’s finance…


Putin vows tenfold Arctic shipping by 2025

Delivering his state-of-the-nation speech to the parliament on Thursday, Russian President Vladimir Putin highlighted the importance of speeding up the countries infrastructure developments. The Arctic plays a strategical important role in the plan. «A number of large-scale industrial projects in the Arctic have already been launched,» Putin said and ensured those projects meet the strictest…