by Vladimir Baidashin for Russian Petroleum Investor
Dutch companies led by Royal Dutch Shell (Netherlands/UK) have suggested to Russian authorities a joint development of natural gas deposits on the Yamal peninsula and the Kara Sea
shelf. The proposal includes provision of unique extraction technologies, pipeline construction, hydrocarbon processing and even the creation of artificial islands for extracting and processing facilities. A joint working group will emerge to study the offer and make conclusions, after which the parties will create project-specific joint ventures. Gazprom has estimated that developing Yamal gas deposits would require about $160 billion.
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Friday, January 4, 2008
Dutch Propose Developing Yamal and Kara Shelf Gas Fields
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