London — Russian gas group Gazprom said Friday it was moving ahead with the full-scale development of the giant Kharasavey gas field on the northern Russian Yamal peninsula, as it continues to shift its production base northward. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The work at the field — estimated to hold 2 trillion cu m of gas — was set to begin in 2019 with first production expected in 2023, Gazprom said in a statement. Gazprom considers the Yamal peninsula — already home to its 4.9 Tcm supergiant Bovanenkovo field — as a strategic region for maintaining gas output in Russia as its traditional production center in West Siberia continues to be depleted. It is also closer to what Gazprom hopes will become its main 110 Bcm/year export corridor to Europe — the existing 55 Bcm/year Nord Stream 1 and the planned […]

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