News

Gazprom Begins Operations At Final Unit Of Giant Arctic Gas Field

Russian gas giant Gazprom said on Dec. 5 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.

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 billion cubic meters (Bcm) to Europe this year.

The company said that with the launch of the final unit, Bovanenkovo will reach a projected capacity of 115 Bcm of gasper year.

The gas field with reserves of just under 5 Tcf—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.