Gazprom To Drill In Siberia

Russian gas giant Gazprom will drill two exploration wells at gas fields in eastern Siberia.

Gazprom plans to start work in April, under its five-year exploration license for the Yuzhno-Kovykta acreage, said Anatoly Golovin, the general director for the company's Siberian exploration unit.

The area may hold about 100 billion cubic meters of natural gas, a fifth of Europe's annual consumption.