ADVERTISEMENT

Russian gov’t hands major gas field in northeast to Gazprom

Energy Trade

The Russian government has decided to give a major natural gas field in the country’s northeast to energy giant Gazprom without a tender, Deputy Industry and Energy Minister Andrei Dementyev said on Monday.

Gazprom will pay at least $340 million for the license to develop the Chayanda gas field with proven reserves of 1.24 trillion cubic meters of gas and 50 million metric tons (about 370 million barrels) of oil, and will start its development already in 2008, Dementyev said. The deposit was included in the list of the country’s strategic deposits in early December last year.

The Chayanda field in Yakutia is intended to supply natural gas to Asia and Pacific countries, in particular to China. Alexander Ananenkov, deputy chairman of the Gazprom management committee said in late December that annual gas exports from Russia’s Siberian and Far Eastern regions to the Asia-Pacific region could eventually top 50 billion cubic meters. (rian.ru)

ADVERTISEMENT

Rate-setters augur slower decline in CPI in 2022 Analysis

Rate-setters augur slower decline in CPI in 2022

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Magyar Bankholding chairman to serve as CEO as well Appointments

Magyar Bankholding chairman to serve as CEO as well

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.