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Russia's Gazprom says may raise 2017 gas output forecast

MOSCOW (Reuters) -- Russian gas giant Gazprom said on Friday it may increase its gas production forecast due to robust demand.

Gazprom Neft Small
Photo Courtesy of Gazprom.

Initial production plans for this year envisaged output of 430 Bcm of gas.

Vitaly Markelov, Gazprom's deputy chief executive officer, also said there have been no talks with Novatek on jointly developing the Tambey group of gasfields in the Yamal region.

Reporting by Vladimir Soldatkin; Editing by Andrew Osborn

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In the business of hydrocarbon production, accurate accounting of produced fluids and gases is critical from a process control, management and fiscal perspective.
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The US East Coast will send out its first LNG exports in early 2018 as Dominion Energy’s Cove Point LNG export facility in Lusby, Maryland becomes operational.

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The shale gas boom established the US as the world’s leading natural gas producer and is responsible for billions of dollars of investments in the US gas processing industry. Since 2012, the US has witnessed unprecedented growth in new gas processing capacity and infrastructure. This rise is due to greater production of domestic shale gas, which is providing cheap, available feedstock to fuel the domestic gas processing, LNG and petrochemical industries. New gas processing projects include the construction of billions of cubic feet per day of new cryogenic and gas processing capacity, NGL fractionators, multi-billion-dollar pipeline infrastructure projects, and the development of millions of tons per year of new LNG export terminal construction. Attend this webcast to hear from Lee Nichols, Editor/Associate Publisher, Hydrocarbon Processing, Scott Allgood, Director-Data Services, Energy Web Atlas and Peregrine Bush, Senior Cartographic Editor, Petroleum Economist as they discuss the future of LNG and the application of Energy Web Atlas, a web-based GIS platform which allows users to track real-time information for every LNG project.

November 29, 2017 10am CST

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