Registration was successful!
Please follow the link from the email sent to

Gazprom Granted Four Arctic Gas Fields

© RIA Novosti . Mikhail Fomichev  / Go to the photo bankGazprom Granted Four Arctic Gas Fields
Gazprom Granted Four Arctic Gas Fields - Sputnik International
Subscribe
The Russian government bypassed a state tender to grant Gazprom on Friday the right to explore four gas fields in the northern Barents Sea.

MOSCOW, May 3 (RIA Novosti) – The Russian government bypassed a state tender to grant Gazprom on Friday the right to explore four gas fields in the northern Barents Sea.

The four offshore fields hold an estimated 1.8 trillion cubic meters of natural gas, according to figures provided in the decree of Prime Minister Dmitry Medvedev. Russia produced 655 billion cubic meters of natural gas in 2012, according to official statistics.

The state-controlled gas giant will pay about 9 billion rubles ($290 million) for the right to explore the fields until 2018, said the decree, published on the government’s site.

State corporations Gazprom and Rosneft are the only companies authorized to work on Russia’s Arctic continental shelf. Gazprom was reported last month to have filed applications for 20 gas fields in the Arctic.

Neither company has begun drilling for oil or gas in the Arctic so far, though both plan to do so in joint ventures with foreign companies.

Environmental groups, including Greenpeace, oppose the Arctic drilling plans, saying that no safe technologies are currently available for offshore drilling under ice.

© SputnikRussian oil and gas fields in the Arctic
Russian oil and gas fields in the Arctic - Sputnik International
Russian oil and gas fields in the Arctic

 

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала