Russia’s Gazprom on Monday said it has started moving natural gas on its massive Power of Siberia pipeline to China, one of the world’s largest importers of the fuel and where the U.S. is already at a disadvantage as a trade war with the country drags on.
Articles from Siberia
China’s natural gas production increased 12.9% year/year in May to 14.4 billion cubic meters (bcm), according to data by the country’s National Bureau of Statistics (NBS).
With Russian conventional oil and gas production in natural decline, producers have turned, in part, to West Siberia and unconventional plays there that are said to be similar in ways to the Bakken Shale and Permian Basin in the United States. Ruspetro plc is among those looking at the Bazhenov Shale.
Gazprom Neft has approved the continued study of shale oil reserves at the Bazheno-Abalaksky complex of the Palyanovskaya zone at the Krasnoleninskoye field in western Siberia, which is being developed by Gazpromneft-Khantos.