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Russian energy giant Rosneft has announced the discovery of a “unique” gas deposit in the Kara Sea containing an estimated 514 billion cubic meters of natural gas.
The company says the discovery could establish a new cluster for oil and gas production in the area.
The field, which has been named after Soviet Marshal Konstantin Rokossovsky, is Rosneft’s third discovery in the Arctic. It is part of the company’s drilling campaign to develop the region’s oil and gas potential.
The project was started by President Vladimir Putin in 2014. It has resulted in the discovery of one of the world’s largest oil and gas fields, the Pobeda field. Its total recoverable reserves stand at some 130 million tons of oil and 422 billion cubic meters of gas.
originally posted by: TEOTWAWKIAIFF
a reply to: 727Sky
I am glad that our crazy governor didn’t waste billions of dollars on a gas pipeline in Alaska.
Actually, Russia has reserves that are untapped. One is the same size as AK’s gas field. And they have several. Now this? They would have sank our economy!
I think that even renewables are in danger without energy storage. Actually any energy source needs that... even my favorite green energy source, nuclear fusion.
That will be the game changer (some say Lockheed already has one).
I wonder if this find will ever be developed!
originally posted by: Arnie123
Meanwhile, China has NO OIL reserves.
They'll have to play nice with the gas taps.