Gazprom delays Yuzhno-Kirinskoye field launch till 2021

MOSCOW, Feb 1 (PRIME) -- Russian gas giant Gazprom has delayed the launch of its Yuzhno-Kirinskoye gas condensate field until 2021 from 2019, Oleg Aksyutin, a member of Gazprom’s management board, said Monday during the company’s investor day.

“We plan to launch development of the Yuzhno-Kirinskoye field in 2021,” Aksyutin said.

“We plan to start development of the Yuzhno-Kirinskoye field in 2021,” Aksyutin said.

Reserves of the field stand at 636.6 billion cubic meter of natural gas under C1 and C2 categories, 97.3 million tonnes of gas condensate and less than 5 million tonnes of oil. The field will mainly be a resource base for to-be-built liquefied natural gas (LNG) plant in the Far Eastern city of Vladivostok.

Gazprom also plans to initiate negotiations with potential investors under its Baltic LNG project for construction of an LNG plant in the Leningrad Region.

“The development of the LNG business in Gazprom is to comprise implementation of two projects – the expansion of the acting Sakhalin-2 plant with a third technological line and construction of the LNG plant in the Leningrad Region…Now, Gazprom is forming a business model for creation of a 10 million tonne Baltic LNG plant. We will start talks with potential partners on the project very soon,” he said.

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