Business & Economy

Russian discovery could generate millions of dollars

The Russian “Gazprom” company announced the discovery of new reserves in the gas field in the Karsk Sea, north of Siberia, as the discoverers estimated the additional production of the Leningradskoye field at about 600 thousand cubic meters per day, noting that this indicates the existence of large additional reserves that could generate Russia has millions of dollars if it is exported to world markets.

For its part, the estimates indicated that the additional reserves discovered in the Leningradskoye natural gas field could be sold at 64 thousand dollars per day or about 23 million dollars a year.

Russia has revealed its intention to export more liquefied natural gas to Europe, and if the additional reserves discovered off the shores of Yamal are diverted to liquefied gas, profits may increase significantly.



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