Thu, 24 Jun 2021

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.

"Regarding natural gas, we want to announce that in the first quarter of 2021 the company launched its flagship gas project called Rospan," Eric Liron, Rosneft's vice president for in-house services, told investors during a teleconference this week.

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 one million tons of propane and butane, he added.

"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," Liron said.

Rospan International, a subsidiary of Rosneft, produces gas and gas condensate at the Vostochno-Urengoysky and Novo-Urengoysky license areas.

For more stories on economy & finance visit RT's business section

(RT.com)

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