Russian companies Gazprom, which produces 12 percent of the global gas output, and Lukoil, which lifts 2 percent of the global crude production, are set to create a joint venture to extract natural gas from the Arctic. Alexey Miller, chairman of the Gazprom Management Committee, and Lukoil President Vagit Alekperov , met to discuss the development of the “Vaneyvisskoye and Layavozhskoye fields in the Nenets Autonomous Area,” Gazprom said Thursday . “Preparations are underway for the establishment of a joint venture,” Gazprom said. The development project was initially agreed in May 2018 when a preliminary accord was signed for an equally owned joint-venture, Lukoil added. The area is an autonomous region with an Arctic ecology […]