Russia JUST ANNOUNCED It’s MASSIVE New Oil Discovery In The Arctic That SHOCKS The Entire Industry

Russia JUST ANNOUNCED It’s MASSIVE New Oil Discovery In The Arctic That SHOCKS The Entire Industry #russia #oil #energy Russia is one of the world’s leading exporters of natural gas and ranks consistently among the top three countries in production and exports. It has the world’s largest natural gas reserves and exports most of its gas to countries in Europe and Asia through pipelines. And Russia’s abundant natural gas resources have helped make it a major player in the global energy market. Now, Russian LNG developer Novatek has recently announced the discovery of a new gas field on the Gydan Peninsula, which will enhance the resource base for its Arctic LNG 1 project. Novatek plans to increase LNG production in the Arctic to approximately 70 million tons annually by 2030. Right now, the Arctic LNG 2 and Obsky LNG projects are scheduled for completion in late 2023. And a final investment decision on the Obsky LNG project may