Ministry of Natural Resources and Ecology prepared eight oil and gas areas in the Arctic for licencing
The areas in question include sites in the Gulf of Ob and the Yenisei Bay.14 April 2022
The Ministry of Natural Resources and Environment of Russia has prepared eight oil and gas sites in the Gulf of Ob and the Yenisei Bay for licencing for geological exploration. This was announced by Minister Alexander Kozlov at a meeting with President Vladimir Putin on the development of the Arctic zone, TASS reports.
'Today eight gas and oil plots in the Gulf of Ob and the Yenisei Bay have been prepared for licencing for geological exploration. These promising areas will form an additional cargo flow [of the North Sea Route] to the already ready fields after 2030,' he said.
Kozlov noted that at the end of 2021 oil, gas, petroleum products, coal and ore concentrate constituted almost 28 million tonnes of the total volume of 34.9 million tonnes of cargo transported along the North Sea Route. In addition, 76% of all the country's natural gas reserves are concentrated in the Russian Arctic zone, the minister said.
'Almost the entirety of this volume is licenced and is involved in exploration and development at various stages. Also, almost all of the Arctic oil reserves are in the allocated fund,' — explained the head of the Ministry of Natural Resources.