Russia’s Gazprom (IW 1000/16) state energy giant on Tuesday launched production at one of the world’s largest natural gas fields some 40 years after its discovery by Soviet scientists in the frozen and hitherto inaccessible Arctic.
President Vladimir Putin formally pushed the button on the start of commercial energy production at the Arctic deposit whose discovery in the early 1970s created excitement and frustration in equal measure. […]
“The field will produce 115 billion cubic meters [4,060 billion cubic feet] of gas and that will go up to nearly 140 billion,” Putin told the field’s workers by live video link-up from Moscow.
“This is nearly the equivalent of how much we export to Europe,” he stressed. Läs artikel