Diplomat says Russia and US close to understanding on AleppoRussian Politics & Diplomacy December 08, 10:28
Lukashenko says CIS turns into modern regional community over past 25 yearsWorld December 08, 9:40
S-400 missile systems put on combat duty in northwestern RussiaMilitary & Defense December 08, 8:47
Japanese Foreign Ministry officially announced Putin's visit on December 15-16World December 08, 7:04
Putin to meet with head of Eurasian Economic CommissionRussian Politics & Diplomacy December 08, 6:22
Russian envoy says relations with NATO started deteriorating long before Ukrainian crisisRussian Politics & Diplomacy December 08, 4:55
Contact Group agrees to settle water cuts issue in Lugansk within 7 days ― OSCE envoyWorld December 08, 2:58
Glencore expects deal on purchasing stake in Rosneft to close in mid-DecemberBusiness & Economy December 08, 2:03
Italian Prime Minister Renzi officially resignsWorld December 08, 1:27
The project to build a pipeline connecting the Black Sea cities of Yalta, Foros and Sevastopol was launched 11 years ago. Crimea’s Energy Minister Sergey Yegorov said finishing the construction will demand some $14 million.
The Simferopol-based Chernomornaftogaz oil and gas company extracts around 1 billion cubic meters of gas per year, and the annual gas consumption reaches the same figure. In the midterm, the annual gas extraction in the peninsula may reach 3 billion cubic meters.
Earlier reports said gasification of Crimea could be implemented through building a gas pipeline across the Kerch Strait. The project is evaluated at $1 billion.
The gasification level in Crimea’s rural areas is around 47%.
Earlier, it was reported that Crimea has natural gas reserves of 165.3 billion cubic meters, 47 million tonnes of oil and 18.2 million tonnes of gas condensate.
Crimean territory has 44 hydrocarbon fields, seven gas condensate reservoirs and 10 oil and 27 gas fields. Five gas and three gas condensate fields are located offshore in the Black Sea. Six more gas fields are located in the adjacent Azov Sea.