Russian Ministry of Energy expects to maintain gas production volume in Yamalo-Nenets
The Russian Ministry of Energy expects to maintain the current gas production volume in the Yamalo-Nenets Autonomous District, Russian Deputy Minister of Energy Kirill Molodtsov said during an international meeting with representatives of Arctic Council member states attended by more than 100 representatives from 15 countries.
“We expect the absolute value of gas production to increase and exceed 700 billion cubic metres per year. At present, approximately 80% of all Russian gas is produced in the Yamal-Nenets Autonomous District, and this figure will remain at the same level over the next 20 years”, Molodtsov said.
A discussion of the Arctic as a new centre of hydrocarbon production and driver of innovative technologies will take place during REW 2017. One of the discussion topics will be the implementation of the largest liquefied natural gas production project “Yamal LNG” and the construction of the new Arctic seaport of Sabetta.
During the plenary session ‘The Russian Fuel and Energy Industry: National Interests and Global Trends’ held as part of Russian Energy Week 2017, Gazprom Neft CEO Alexander Dyukov offered assurances that oil production will continue to increase even if low prices tumble. “We will continue production even at prices of USD 10–20 per barrel. The reason for this is the quality of reserves, the availability of infrastructure, the rather large amount that has already been invested in the construction of
The International Mayors’ Summit on Energy Efficiency and Sustainable Growth in Cities was held as part of the first ‘Russian Energy Week’ Energy Efficiency and Energy Development International Forum.