Gazprom’s gas reserves up by over 800 bcm in 2014

Russian gas giant Gazprom informed that its explored natural gas reserves amounted to 36.07 trillion cubic meters as of December 31, 2014. 

The company said this represents 72% of the Russian or nearly 17% of the global reserves.

In 2014, Gazprom’s gas reserves replenishment level totaled 822.5 billion cubic meters.

The company intends to continue its efforts in 2015 with a focus on the operations in the Russian continental shelf. It is planned to perform 3D seismic surveys of about ten thousand square kilometers in the Barents and Kara Seas as well as to drill two exploratory wells in the Yuzhno-Kirinskoye field in the Sea of Okhotsk.

Last year Gazprom produced 443.9 billion cubic meters of gas. In 2015, gas production is expected to reach 450 billion cubic meters. The company’s production potential exceeds 600 billion cubic meters of gas a year.

The company extended the gas transmission system from 168.9 to 170.7 thousand kilometers in 2014. 16 linear sections with the total length of 696.48 kilometers came onstream in 2014 as part of constructing the second string of the Bovanenkovo – Ukhta gas trunkline system. In addition, 472 kilometers of the linear section were built and made available for gas transmission within Phase 1 of the Southern Corridor project. Presently about 15 kilometers of the Power of Siberia gas trunkline has been welded at the section from the Chayandinskoye field to Lensk.

In 2014 Gazprom expanded its underground gas storage capacities in Russia. Their potential deliverability by the 2014/2015 autumn-winter period was boosted to the record level: the maximum daily deliverability by the beginning of a withdrawal season was increased to 770.4 million cubic meters of gas, which is 42.6 million cubic meters more than in 2013/2014.

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