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    Gazprom Moves on to New Yamal Field

Summary

The field will contribute to Gazprom's exports through Nord Stream.

by: Dalga Khatinoglu, Ilham Shaban

Posted in:

Natural Gas & LNG News, Europe, Corporate, Exploration & Production, News By Country, Russia

Gazprom Moves on to New Yamal Field

Russian giant Gazprom started the full-scale development of the Kharasavei field March 20, with the aim of producing 32bn m3/yr by 2023, local media reported. 

As its giant Yamburg and Urengoi fields in western Siberia decline, the company has brought on stream new fields on the Yamal Peninsula to help compensate. 

During the inauguration ceremony, Russia's president, Vladimir Putin, said that the field is projected to supply 310-360bn m3 cumulatively to the domestic marketsand the Nord Stream (NS) export route by 2030. Kharasavei field has 2 trillion m3 reserves and is on the Yamal Peninsula. Nord Stream is a much shorter route to market for this gas than the central route through UKraine. When fully operational NS 1 & 2 will be able to carry 110bn m³/yr (nameplate).

Yamal’s total reserves are estimated at above 16 trillion m³ and Gazprom approved a plan in October 2018 to develop a pipeline network of some 110bn m³/yr to connect several Yamal fields, including Kharasavei, to the domestic market and Nord Stream.

Currently the first leg of NordStream (NS1) with above nominal 55bn m3/yr capacity is operational, delivering gas to Germany directly through Baltic sea.

The parallel NS2 with the same capacity had stretched about 370 km as of end-2018, according Gazprom. The 1,200-km pipeline is expected to complete late 2019. Gazprom plans to invest about $805mn in NS2 this year, about 42.3% less than 2018.