MOSCOW (Dow Jones)–Russian state gas firm OAO Gazprom (GAZP.RS) will begin production at its massive Sakhalin-3 offshore gas project in the Far East in the second half of the year and reach output of 4.2 billion cubic meters a year by 2015, the company said Wednesday.
Gazprom–the world’s biggest producer of natural gas–said first gas will come from the Kirinsky block at Sakhalin off Russia’s Pacific Coast and feed into a major new pipeline from Sakhalin via Khabarovsk to Vladivostok.
The company plans to drill a total of six wells at the Kirinsky block by 2014. Estimates of reserves at the block have increased to 137 billion cubic meters from 75 billion cubic meters over the last two years.
-By Jacob Gronholt-Pedersen, Dow Jones Newswires
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 105,924 members that receive our newsletter.
Have a news tip? Let us know.
SINGAPORE, April 24 (Reuters) – Demand for liquefied natural gas (LNG) to power ships will rise this year on attractive prices, while more dual-fuel vessels join the global fleet, industry executives said....
(Bloomberg) — The Biden administration is taking steps to jump-start the fledgling offshore wind sector, outlining a five-year leasing plan that would include turbines in the far reaches of the...
U.S. Secretary of the Interior, Deb Haaland, has announced an ambitious five-year offshore wind leasing schedule that includes up to 12 potential offshore wind energy lease sales through 2028. The...
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
Sign Up
Maritime and offshore news trusted by our 105,924 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
