Number of centers issuing FAN IDs to be increased ahead of FIFA Confederations Cup FinalSport June 26, 18:33
News about anti-doping probe against Russian football team players is fake — executiveSport June 26, 18:25
Putin refers to State Duma Council of Europe convention against financing terrorismRussian Politics & Diplomacy June 26, 18:15
Russia to lay down 2 diesel-electric submarines for Pacific Fleet in JulyMilitary & Defense June 26, 18:07
Russia’s Khramtsov wins first gold at 2017 World Taekwondo ChampionshipsSport June 26, 18:03
Russian Navy to get four frigates by 2020Military & Defense June 26, 17:41
Rosneft and RBC media holding settle on defamation lawsuitBusiness & Economy June 26, 17:21
Elated football fans gearing up for exciting matches at 2017 FIFA Confederations CupSport June 26, 16:55
Russia to float out first modernized nuclear submarine in AugustMilitary & Defense June 26, 16:54
KUSHEVAT ORNITHOLOGICAL SANCTUARY /Yamal/, September 6 (Itar-Tass) — Russian President Vladimir Putin said he will chair a conference with oil and gas producers operating in Yamal. Putin said so after a report by Gubkin Oil and Gas University Prof Alexander Lobusev on the prospects for developing the raw materials sector in Yamal and adjacent arctic zones.
Lobusev noted his report that the area was quite promising from the point of view of its oil and gas potential. "The initial aggregate reserves of gas make up 50 trillion cubic meters, the reserves of oil reach four billion tons, and the reserves of condensate - over three billion tons," he said.
Vladimir Putin noted that the state was interested in developing the production of minerals in the region. "The first stage of joint work by Rosneft and ExxonMobil will require two to three billion dollars worth of investments, with the aggregate sum of investments estimated at 100 billion," the president said.
He said Gazprom and NOVATEK were operating actively in the region. The state plans to create infrastructure for the operation of Russian companies. "Yamal is a very convenient place from the point of view of fuel transportation; there are good depths here to set up a large port to transport liquefied gas," the president said.
Russia plans to build a large LNG center at the Yuzhno-Tambeisky field, whose reserves are estimated at 1.3 trillion cubic meters, while an estimated production rate is 25 billion cubic meters a year for a period of two decades. The LNG center will be set up as part of the plans to develop the gas industry in the Sabetta port area.