Gazprom Building up Resource Base
In 2014 Gazprom Group (excluding Gazprom Neft) performed exploratory drilling of above 125,000 m of rocks, constructed 32 prospecting and exploratory (7 and 25 accordingly) wells. Over six thousand linear kilometers of 2D seismic profiles were processed, 3D seismic survey covered in excess of 11 thousand square kilometers. Exploration results In the Russian Federation, prospecting drilling was performed across an area of more than 112 thousand meters of rocks. 30 prospecting and exploratory (24 exploratory and 6 prospecting) wells were constructed. Above six thousand linear kilometers
Gazprom: More Sanctions Could Hit Business
crossing Ukraine. The West has so far imposed limited sanctions on Russian government officials and businessmen, as well as on several companies. "An expansion of the U.S., EU and other sanctions programmes could adversely impact operations and the financial condition of the Gazprom Group," it said in a management report following its 2013 financial results. Long seen as a tool of Russian foreign policy, Gazprom has threatened to cut supplies to Ukraine over an unpaid gas bill it puts at more than $2 billion and warned this could lead to reduced deliveries to clients
Kuwait in Talks on Russian LNG Imports
Russian Federation to discuss prospects for bilateral cooperation in the oil and gas sector. In particular, the principals addressed the idea of broadening their co-operation on Gazprom's LNG supplies to Kuwait, as well as the implemetation of other joint projects. Since 2011 Gazprom Group says it has supplied two LNG cargoes to Kuwait. Background Gazprom says that Kuwait's proven natural gas reserves amount to 1.8 trillion cubic meters, or 6 per cent of global reserves. In 2012 natural gas production in Kuwait totaled 15.5 billion cubic meters
February 2024
