Russian Gas Giant Novatek Presents Answer To U.S. Shale ...Middle East

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Russian Gas Giant Novatek Presents Answer To U.S. Shale
source : OILPRICE ( Middle East ) () 22
In the same way that the U.S.’s global hydrocarbons power has been turbo-boosted by the rise of its shale energy industry, which began with gas in earnest in 2006 and with oil in 2010, so Russia’s has seen its own oil and gas power extended by the sustained development of its Arctic oil and gas reserves. As of now, Russia’s Arctic sector comprises over 35,700 billion cubic metres of natural gas and over 2,300 million metric tons of oil and condensate, the majority of which are located in the Yamal and Gydan Peninsulas, lying on…

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