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Rosneft announces launch of flagship gas project in the Arctic

Rosneft's revenues were $23.9 billion in the 1st quarter this year, up 16% from the 4th quarter of last year

Rosneft announces launch of flagship gas project in the Arctic

Moscow, May 17 - Neftegaz.RU. Russian energy giant Rosneft has revealed the launch of the Rospan International gas project in the Yamal region of the Arctic.
It is expected to become the company’s gas production hub in the region, RT reported.

Eric Liron, Rosneft’s vice president for in-house services, told investors during a teleconference this week:
  • Regarding natural gas, we want to announce that in the first quarter of 2021 the company launched its flagship gas project called Rospan
The project will provide annual gas production of more than 20 billion cubic meters, as well as production of 5 million tons of gas condensate and more than 1 million tons of propane and butane, he added.

Liron said:
  • At the moment, both technological lines have already been put into operation
  • The railway terminal for the shipment of propane and butane has also been opened, all the necessary pipeline infrastructure is operating and the production potential has been fully technically confirmed
Rospan International, a subsidiary of Rosneft, produces gas and gas condensate at the Vostochno-Urengoysky and Novo-Urengoysky license areas.

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