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MOSCOW, December 22. /TASS/. Russian energy giant Gazprom has completed all the procedures needed to prepare for Monday’s launch of production at gas field №1 at Bovanenkovo, one of the largest on the Yamal Peninsula in terms of gas reserves.
Russian President Vladimir Putin will watch the ceremonial launch via a video link-up, the Kremlin press service has said.
The Bovanenkovskoye oil, gas and condensate field with the reserves estimated at almost 5 trillion cubic meters was put into operation in October 2012. It is located 340 km from the village of New Port.
With the launch of the gas field №2 in 2013, it produced 22.8 billion cubic meters of natural gas. This year, it is expected to produce 38.4 billion cubic meters.
The annual projected gas production from the field is estimated at 115 billion cubic meters. In the long term, gas production is due to increase to 140 billion cubic meters per year.