The Yamal peninsula is already producing natural gas and is also home to one of Russia’s already operational liquefied natural gas (LNG) projects—Yamal LNG—run by another domestic gas producer, Novatek. Gazprom’s bet on developing more of the huge natural gas resources in Yamal is a strategic one, as it would expand its northern gas transmission corridor, with more resources from the Arctic possibly feeding the northern route of exports to European markets—the operational Nord Stream pipeline and the planned—and highly controversial—Nord Stream 2 project. Last week, Gazprom approved the development of the Kharasaveyskoye gas and condensate field and the gas transmission system, expected to begin in 2019 and to ship first gas in 2023. The company is betting that Yamal will become the largest natural gas production center in Russia and replace the dwindling reserves of the Nadym-Pur-Taz region . At present, Gazprom produces natural gas in Yamal from […]