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Gazprom Starts Operations at Final Yamal Unit Featured

By  AOG Staff Wednesday, 05 December 2018 06:08
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Russian gas giant Gazprom said on Wednesday it had begun operations at a third and final unit at its Bovanenkovo gas field on the Arctic Yamal peninsula, allowing it to boost natural gas production.

(Photo: Gazprom)
(Photo: Gazprom)

Gazprom also said it had increased the capacity of the Ukhta-Torzhok gas pipeline, aimed at facilitating Russian gas exports to northern Europe, including via the Nord Stream pipeline.

Gazprom plans to export record-high natural gas volumes of 200 bcm to Europe this year.

The company said that with the launch of the final unit, Bovanenkovo will reach a projected capacity of 115 billion cubic meters (bcm) of gas per year.

The gas field with reserves of just under 5 trillion cubic meters - on par with global annual gas demand - is key to the company's efforts to tap new deposits, apart from its traditional producing region of Western Siberia.

Last year, it produced 82.8 bcm of gas.

(Reporting by Vladimir Soldatkin; editing by David Evans)

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