86923
Russia Eying Crimea Energy Resources
Russia Eying Crimea Energy Resources

Russia Eying Crimea Energy Resources

Russia Eying Crimea Energy Resources

Russia should explore the Crimean continental shelf for natural gas, the head of the Russian Academy of Sciences told RIA Novosti during a three-day visit to the peninsula.
“The studies that were conducted earlier and those that are currently underway show there could be quite significant gas reserves,” he said, adding that future exploration would involve both seismic studies and the use of “space tools” to determine the best areas for drilling, Oil Price reported.
There are nine producing gas fields in the Crimean shelf at the moment. Production at the biggest one, Odesskoye, will be suspended starting July 1 because of an international maritime rights arbitration case initiated by Ukraine.
Ukrainian media last month reported that Russia had seized some 7 billion cubic meters of natural gas from deposits around Crimea since the annexation of the peninsula in 2014.
“Moscow is well aware that the offshore deposits which the gas is being stolen from are not related to Crimea, and sooner or later, it will have to bear responsibility for illegally appropriated property and compensate for the damage,” Ukrainian energy expert, Mykhailo Honchar, said.
NATO estimates the oil and gas resources of the Crimean shelf at between 4 and 13 trillion cubic meters, which, the pact said, would have been instrumental in Ukraine’s drive towards energy independence from Russia.
In fact, the annexation of the peninsula—which had been part of Russia from the late 18th century to 1954—was seen by many outside Russia as a means for Moscow to get its hands on this allegedly vast oil and gas wealth in the Black Sea.
Shell and Exxon did some exploration work at the Skifska offshore gas field in Crimea but both pulled out in 2014, shortly before Crimea’s annexation. The two companies had estimated that the field holds reserves of 200 to 250 billion cubic meters of natural gas.

 

Short URL : https://goo.gl/Whjsvv
  1. https://goo.gl/5aKGnt
  • https://goo.gl/ga4wQy
  • https://goo.gl/rPnF7F
  • https://goo.gl/V5Kyoe
  • https://goo.gl/S5mL54

You can also read ...

Canada to Boost Support for Renewable Energy
Millions of dollars in subsidies for a Nova Scotia tidal...
The field has cumulatively produced about 15 million cubic meters of gas and 31.4 million barrels of oil and condensate.
India’s Reliance Industries has shut down an oil and gas field...
Iran's LPG Exports Fall to 356,000 Million Tons
Iran's LPG shipments loaded, or due for lifting, in September...
Emirati Oil Company Hoarding Jet Fuel
Emirates National Oil Company has begun storing jet fuel on...
Saudis, Russia Planning to  Replace Iran Oil Market Share
The joint OPEC and non-OPEC ministerial committee, aka JMMC,...
OPEC,  Non-OPEC Aug. Compliance  at 129%
An OPEC and non-OPEC monitoring committee found that oil...
$30 Million for Mazandaran Gas Expansion  Scheme
Over 4.56 trillion rials ($30 million) have been allocated to...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus