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Rosneft announces launch of flagship gas project in the Arctic

RT | May 16, 2021

Russian energy giant Rosneft has revealed the launch of the Rospan International gas project in the Yamal region of the Arctic. It is expected to become the company’s gas production hub in the region.

“Regarding natural gas, we want to announce that in the first quarter of 2021 the company launched its flagship gas project called Rospan,” Eric Liron, Rosneft’s vice president for in-house services, told investors during a teleconference this week.

The project will provide annual gas production of more than 20 billion cubic meters, as well as production of 5 million tons of gas condensate and more than one million tons of propane and butane, he added.

“At the moment, both technological lines have already been put into operation. The railway terminal for the shipment of propane and butane has also been opened, all the necessary pipeline infrastructure is operating and the production potential has been fully technically confirmed,” Liron said.

Rospan International, a subsidiary of Rosneft, produces gas and gas condensate at the Vostochno-Urengoysky and Novo-Urengoysky license areas.

May 16, 2021 - Posted by | Economics |

2 Comments »

  1. Great!  Wish I had the money for an early buy-in of stocks or bonds….

    Like

    Comment by roberthstiver | May 17, 2021 | Reply

    • Russia supplies the world with energy for heat and electric generation. The US provides weapons and dangerous drugs with some Holllywood propaganda on the side.

      Liked by 1 person

      Comment by aletho | May 17, 2021 | Reply


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