New Yamal Gas Field to Start Up
Russia’s Gazprom monopoly will start-up a major northern field that will deliver gas to Europe through the future Nordstream pipeline, Chairman of Gazprom Board of Directors and Russian First Deputy Prime Minister Dmitri Medvedev (and likely successor to Vladimir Putin told reporters on Thursday. “Gazprom will commission the Yuzhno-Russkoye field at 10:00 hours Moscow time on December 18,” he said, according to a report in ITAR-TASS. This comes hot on the heels of a new report by the Berlin-based German Institute for Economic Research (DIW) that states that Europe faces uncertainty over future energy supplies from Russia, with Russian oil and gas reserves likely to run out if Moscow does not invest more in the sector and boost energy efficiency at home. Meanwhile, GAZPROM have announced that they will build the planned LNG plant for the Shtokman field in the tiny village of Teriberka in the Kola Peninsula.
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Posted: December 14th, 2007 under Russia, oil and gas.
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