According to the ranking from CNN Money, the Bovanenkovo is with its development costs of $41 billion the fourth most expensive project in the world. Owned and developed by Gazprom, the Arctic project has the astronomic development costs not only because of its challenging location at Yamal, but also because of the major infrastructure connected with the field.
Bovanenkovo, which was officially launched in October this year, has resouces amounting to 4,9 trillion cubic meters of gas and will become a hub for several surrounding fields in the area. It is connected with a 1251 km long westbound pipeline stretching across the Baydarata Bay and through the Komi Republic. It is also connected with a new 525 km long railway line, which enables Gazprom to transport equipment to the station of Ob, a former end station in the Russian railway grid. In addition, an airport has been built capable of handling big-size aircrafts.
When in full operation, the gas project will produce an annual of 115 billion cubic meters. The field also holds 5,7 million tons of oil and 111,7 million tons of condensate.
The ranking from CNN Money is topped by the Kashagan project in Kazakhstan, which has the pricetag of $116 billion.
Russia’s only aircraft carrier, the Northern Fleet’s “Admiral Kuznetsov”, has finished repairs and is ready to leave the port of Murmansk. According to a Russian news agency, the vessel will sail to Syria.
A century and a half ago, Norway was home to roughly three thousand brown bears, the majority of bears in all of Scandinavia. By 1930, the bears were virtually extinct. Decades of aggressive management tactics and bounties had wiped out one of the area’s most iconic species.
Microplastics, the tiny plastic particles that are accumulating in marine waters and big lakes around the world, are now showing up in the Arctic waters south and southwest of Svalbard, Norway, a new study says.
REYKJAVIK: The climatic changes taking place in the Arctic are a call to action for the world. We must answer with more international cooperation and more research, says Tore Hattrem, State Secretary of Norway’s Foreign Ministry.
“Partnership should and shall shape the development of the Arctic, therefore cooperation is the starting point for our Arctic policy,” Vladimir Barbin, Senior Arctic Official and representative to the Arctic Council, said at the Arctic Circle 2015 assembly.
August 9th, the Barents Region celebrated the UN International Day of the World’s Indigenous Peoples. The day was commemorated in several parts of the region, including Karasjok in Northern Norway and Teriberka in Northwestern Russia.
Norway’s Foreign Minister Børge Brende has asked Russia for an explanation to the high number of asylum seekers coming to Norway via Russia. Syrian refugees that have lived in Russia for a long time, will be stopped on the border and sent back.