Download now: Oil Price Outlook 2024

CJSC Northgas to Double Output in 2014

Brian Hicks

Written By Brian Hicks

Posted November 5, 2013

CJSC Northgas’ North Urengoy field will double output in 2014

Gazprom (OTCMKTS: OGZPY) announced that CJSC Northgas, a joint venture with OAO Novatek, has commissioned the East Dome of the North Urengoy field to vastly increase gas production.

The field contains 18 production wells, and includes the capacity for 6 billion cubic meters of gas annually. The addition of this capacity will raise the total capacity of the field to more than 10 billion cubic meters of commercial-grade gas, and 1.4 million tons of condensate annually.

The North Urengoy West Dome first launched in 2001, and has produced 2.9 billion cubic meters of gas and 290,000 tons of gas condensate in the first 9 months of 2013. The East Dome location has gathering networks and pipelines connected to the West Dome.

Commercial Space Investing

With commercial space exploration still expanding, the opportunities for investment are also expanding. A handful of stocks in the sector are performing dramatically well, click here and find out what they are.

Angel Pub Investor Club Discord - Chat Now

Brian Hicks Premium

Introductory

Hydrogen Fuel Cells: The Downfall of Tesla?

Lithium has been the front-runner in the battery technology market for years, but that is all coming to an end. Elon Musk is against them, but Jeff Bezos is investing heavily in them. Hydrogen Fuel Cells will turn the battery market upside down and we've discovered a tiny company that is going to make it happen...

Sign up to receive your free report. After signing up, you'll begin receiving the Energy and Capital e-letter daily.