Russ Oil-Gas

07.12.2007 - [Neftegaz.RU] - Gazprom launches a major northern field that will deliver gas to Europe through the future Nordstream pipeline, Chairman of Gazprom Board of Directors and Russian First Deputy Prime Minister Dmitri Medvedev told reporters on Thursday. The development of Yuzhno-Russkoye field wil be started on December 18,” he said. Proven reserves of the field in the Nothern West Siberia comprise 600 billion cubic meters of gas. The deposit has to reach the annual projected capacity of 25 billion cubic meters by 2011. It is a core deposit for the $10.5-billion North European Gas Pipeline (Nordstream. Medvedev said Gazprom is developing into a fully-fledged global energy company and all its activities are aimed to achieve the target.