Support The Moscow Times!

TNK-BP Invests More in Gas

TNK-BP will triple investment in a natural gas development next year as it gains transit capacity.

TNK-BP plans to spend $250 million tapping the Achim layer at its Rospan International unit's Urengoi field next year after spending $66 million there this year, the company said Tuesday.

TNK-BP said last year that it plans to increase Rospan's production fivefold to more than 16 billion cubic meters a year after agreeing on space in the pipeline network, which belongs to Gazprom. Rospan sold 1.6 bcm of gas in the first half of this year, according to a July 26 presentation by TNK- BP.

(Bloomberg)

… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Continue

Read more