Power of Siberia

It could reach 675 billion cubic meters. Gas production in Russia in 2024 could grow by almost 6% and amount to 675 billion cubic meters, follows from the report of the International Energy Agency (IEA) on the gas market. This forecast is higher than the organization’s previous estimate of 670 …

At the Chayandinskoye oil, gas and condensate field  seven new gas wells in the area of Gas Pre-Treatment Unit No. 4 have been connected to the installation and put into operation. They operate stably, in accordance with the established technological regimes. All active gas well pads at the field are …

The meeting of the Joint Coordinating Committee (JCC) of Gazprom and China’s CNPC moderated by Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, and Huang Yongzhang, Vice President of CNPC, took place today in Beijing. The meeting participants reviewed the results of their joint activities for 2023 and discussed the plans regarding key areas of cooperation for the …

By the end of the year, gas will begin flowing into the Power of Siberia main gas pipeline from the second installation at the Kovyktinskoye field in the Irkutsk region, Gazprom reported. “By the end of the year, at the Kovyktinskoye field in the Irkutsk region, gas will begin to …

The meeting of the Joint Coordinating Committee (JCC) of Gazprom and China’s CNPC moderated by Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, Elena Burmistrova, Deputy Chairman of the Gazprom Management Committee, and Huang Yongzhang, Vice President of CNPC, took place today. The meeting participants reviewed the results of their joint activities for 2022 and discussed the plans …

Overall amount of Gazprom’s investments to be used in 2022: RUB 1,980 billion. Growth compared to the initial amount set out in December 2021: RUB 222 billion. Final investment program and budget will be approved by the Gazprom Board of Directors. Comment by Famil Sadygov, Deputy Chairman of Gazprom Management Committee The Gazprom Management Committee approved the revised draft investment program and budget (financial plan) …

According to preliminary data, Gazprom produced 193.8 billion cubic meters of gas from January 1 through May 15, 2022. This is a decrease of 3.7 per cent (or 7.5 billion cubic meters) versus the same period of 2021. The Company’s domestic supplies from the gas transmission system went down by 3.1 per cent (or 3.9 billion cubic meters). However, they grew by 6.1 per cent in the first half …

Despite the severe oil production cuts expected in Russia this year, tax revenue will increase significantly to more than $180 billion due to the spike in oil prices, Rystad Energy research shows. This is 45% and 181% higher than in 2021 and 2020, respectively. Russia’s progressive tax system means that …

The Gazprom Board of Directors reviewed and approved the efforts as part of the implementation of the Power of Siberia project and the shaping of gas processing infrastructure in Russia’s Far East. It was noted that Gazprom’s ambitious investment projects in the eastern part of Russia were pivotal to the country’s sustainable social and economic development. By exploring gas reserves and creating gas transmission and processing capacities, the Company works toward …

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Sergey Levchenko, Governor of the Irkutsk Region, took place in Moscow today. The parties discussed ongoing and future cooperation, noting the strategic importance of the Irkutsk Region for Gazprom. The Company is shaping a major gas production center on the basis of the Kovyktinskoye field, which is unique in terms of its …