-The world will depend on Yamal

The Yamal Peninsula

Head of the Union of Russian Oil and Gas Industrialists says the Yamal Peninsula for the next 50 years will be a vital key for the development of the world’s gas industry.


-I do not see any alternatives to the Yamal-Nenets Autononous Okrug, which gives 87 percent of Russia’s gas and 20 percent of the world’s gas, Mr. Gennadii Shmal said in an interview with -For the next 50 years, Yamal will be decisive for the development of the world’s gas industry, the union leader highlights. According to regional prognosis, a total of 638,6 billion cubic meters will by year 2012 be produced in the region. The Yamal Peninsula is priority number one for Gazprom, which is currently in the development phase of the huge Bovanenkovo field, a project which after 2011 will produce an estimated 115 billion cubic meters per year.