http://www.reuters.com/article/2012/10/23/us-russia-putin-energy-idUSBRE89M0RR20121023
It only took 40 years...but Gazprom has finally figured out how to extract and transport nat gas from a gigantic but untapped Arctic field.
The Bovanenkovo field...in northwest Siberia's Yamal peninsula...may hold 4.8 trillion cubic meters/177 trillion cubic feet...of natural gas...ranking it #3 in the world.
Opened today by President Putin...Gazprom claims it will eventually produce up to 140 billion cf annually...about what Russia sells to Europe.
The field will produce 46 billion cm in 2013...and is estimated to cost $10 billion to build and maintain.
Bovanenkovo is located on often soggy permafrost...far from the main pipelines...until today.
Popular Posts
- KYRGYSTAN / CANADA : 3 MPs Arrested After Violent Gold Mine Protest.
- SERBIA / LIBYA : Are Serbian Mercenary Pilots Bombing Protestors In Tripoli?
- EU / SPAIN / PORTUGAL / ITALY / GREECE : Solidarity Strike Causes Travel Misery Across the Eurozone; Clashes/Arrests/Injuries In Athens, Madrid.
- HUNGARY: 23 April UPDATE: Hungary Denies Threat To Roma After Red Cross Evacuates 277 Roma From Gyongyospata...Fearing Vigilantes.
- ITALY : Oh, No! Silvio's Spectre Returns.
- PERU: Voters Feel Like They Must Choose Between...Hitler And Darth Vader; Smears Increase Before Vote.
- AUSTIN,TEXAS: Lance Armstrong Still Under Seige For Doping Charges.
- RUSSIA / CHECHNYA : VIDEO/ FOTOS: 40 Story Grozny Skyscraper Burns.
- UKRAINE : 04 Dec UPDATE: Kyiv Girl Wins Junior Eurovision Contest; 4 Nations Will Skip Eurovision 2013.
- POLAND: C.Bank To Strengthen Zloty By Selling Euros.