Gazprom Russian energy giant launches Arctic gas field October 23, 2012 - 18:45 AMT PanARMENIAN.Net - Russian energy giant Gazprom officially launched production on Tuesday, October 23 at its giant Bovanenkovo gas field on the Yamal Peninsula in the Arctic, RIA Novosti said. 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.   Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads.   Partner news |  Related sections Latest news Court in Azerbaijan extends former Karabakh leader’s arrest by 5 months  The Binagadi District Court in Azerbaijan has granted the prosecutor’s petition to extend the arrest of Arkady Ghukasyan.Ucom General Director joins High-Tech Development Panel Discussion The discussion was titled "The Role of International Corporations and Investors as Catalysts for Development of High-Tech Ecosystem."U.S. still believes “peace is possible” between Armenia, Azerbaijan The United States continues to believe that peace is possible between Armenia and Azerbaijan, Vedant Patel says.Dozens detained as antigovernment protest continue in Armenia At least 63 people demanding Prime Minister Nikol Pashinyan’s resignation were detained on May 14 as they blocked streets in Yerevan. |
