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Gazprom to allocate about 650 million dollars on Shtokman field development

Publish date: January 30, 2007

Gazprom Board of Directors affirmed an investment program, a budget and a cost reduction program for 2007.

The company will allocate about 650 million dollars on Shtokman gas condensate field development, which will start in 2007. Prirazlomnoe field development will cost the company about 420 million dollars in 2007.

Prirazlomnoe oil field can become the first developed oil field on Russia’s Arctic Shelf, B-port.com reports. The field is planned to be put in operation in 2008.

Gazprom plans to allocate about one billion dollars on gas transport system extension in the north-west of Russia and for gas supply via Nord Stream gas pipeline.

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The role of CCS in Germany’s climate toolbox: Bellona Deutschland’s statement in the Association Hearing

After years of inaction, Germany is working on its Carbon Management Strategy to resolve how CCS can play a role in climate action in industry. At the end of February, the Federal Ministry for Economic Affairs and Climate Action published first key points and a proposal to amend the law Kohlenstoffdioxid Speicherungsgesetz (KSpG). Bellona Deutschland, who was actively involved in the previous stakeholder dialogue submitted a statement in the association hearing.

Project LNG 2.

Bellona’s new working paper analyzes Russia’s big LNG ambitions the Arctic

In the midst of a global discussion on whether natural gas should be used as a transitional fuel and whether emissions from its extraction, production, transport and use are significantly less than those from other fossil fuels, Russia has developed ambitious plans to increase its own production of liquified natural gas (LNG) in the Arctic – a region with 75% of proven gas reserves in Russia – to raise its share in the international gas trade.