Russia Monitor Monthly October 2020

Page 32

SOURCE: KREMLIN.RU

30 October 2020

ROSNEFT PLANS OIL PRODUCTION ON TAYMYR PENINSULA Russian oil giant Rosneft and Neftegazholding are planning to produce up to 50 million of liquefied natural gas on the Taymyr peninsula. Rosneft is a state-run company while its partner – a privately owned firm belonging to a former Rosneft president Eduard Khudainatov. This is not their first joint project.

T

he LNG facility on the Taymyr peninsula would be part of the Vostok Oil project. So far, the CEO of Rosneft has revealed neither its capacity nor the date of launch. What is yet known is that the projected Bukhta Sever

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port is expected to hold between 30 and 50 million tons of liquefied natural gas per year. Sechin submitted this idea in June 2020 in a letter to Prime Minister Mikhail Mishustin. The mere fact that the head of Rosneft did 32


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