LNG

Dec 11 (LNGJ) - Russian energy company Rosneft has made a huge discovery in the Kara Sea area with estimated resources of 800 billion cubic metres of natural gas and the field has been named after the Soviet Union’s WWII hero, Marshal Georgy Zhukov, whose forces captured Berlin.

   “The drill hole is 1,621 metres deep and is located in the area where Rosneft and partners in 2014 found 130 million tons of oil,” said the company. “The results of drilling carried out by Rosneft in the Kara Sea have shown the high oil and gas content of these structures, which confirms the discovery of a new Kara offshore oil province,” said Rosneft. “In terms of resources, it may surpass such oil and gas provinces as the Gulf of Mexico, offshore Brazil or the largest resource areas in the Middle East,” added Rosneft.

Italian energy company Eni has signed a series of agreements with the government of Egypt and state-owned companies to prepare for the re-opening of the nation’s Damietta liquefaction plant by June 2020.