Gazprom Launches Production At Semakovskoye Gas Field In Arc...| MENAFN.COM

Thursday, 02 February 2023 04:38 GMT

Gazprom Launches Production At Semakovskoye Gas Field In Arctic


(MENAFN- The Peninsula) QNA

Moscow: The Russian energy company, Gazprom, announced that it had started production at the new gas field of Semakovskoye in the Yamal-Nenets Autonomous Area in the Arctic.

The company stated in a statement yesterday that the first phase of the project aims to produce about 7.5 billion cubic meters of gas per year.

Gazprom Chairman Alexey Miller said in a comment that by inaugurating operation in the huge Semakovskoye field, Gazprom is creating a good technical basis for developing a new production group in the region.

It is reported that Gazprom produced 514.8 billion cubic meters of gas in 2021, an increase of 62.2 billion cubic meters from 2020, recording the best rate in 13 years.

The US Geological Survey estimates that the Arctic region contains about 1,700 trillion cubic feet of natural gas and various types of fuel, equivalent to the total Russian oil reserves and three times those in the United States, which makes it the subject of international competition, especially between Moscow and Washington.

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