Petrel views Crimean gas-export opportunity
Gazprom has received a plan to develop energy projects in the disputed region of Crimea
London-listed exploration company Petrel Resources, has submitted a proposal to Russian state gas monopoly Gazprom to develop a liquefied natural gas export facility on the Crimean Peninsula. The plan, presented by Petrel's managing director David Horgan, was submitted to Gazprom executives at a meeting in the Crimean city of Yalta in April. He suggested establishing an LNG export terminal fed primarily by a gas pipeline from existing discoveries in western Siberia and central Asia. To these would then be added supply from potential gas discoveries in the Sea of Azov, off the Crimea, where the majors had high hopes of finding hydrocarbons before Russia occupied the region. "Crimea has been p
Also in this section
25 April 2024
Some companies with assets in Israel have turned towards Egypt as tensions escalate, but others are holding firm despite rising tensions
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields
23 April 2024
Cheaper Russian barrels and lower overall crude prices have helped cut key oil consumer’s import bills in election year
22 April 2024
Pursuing three different goals as part of the same package may mean achieving none of them