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.
MURMANSK: Ecological groups gathered on Kola Peninsula fear that Barents nature will be the looser after Oslo decided to call off the environmental minister’s Moscow meeting in response to Russia’s annexation of Crimea.
TROMSØ: Since the first five specimens of snow crab were found in the Barents Sea in 1996, the population has exploded. There is now ten times as much snow crab than king crab in the area, and scientists are just starting to find out how this new species has adopted to life in the Barents Sea.
The current situation in Ukraine makes cross-border cooperation with the neighboring countries even more important, Barents Secretariat leader Rune Rafaelsen says. At the same time, Norway has joined NATO’s condemnation of Russia’s military escalation on the Crimea peninsula.
Board member Amund Trellevik in the press network fears entry-denial of Kremlin’s controversial propaganda-journalist Dmitry Kiselyov could be retaliated by refusing Norwegian journalists access to Russia.