Gazprom plans annual production of more than 200 billion cubic meters of gas and 10 million tons of oil from the Russian shelf by 2030. The expected increase in reserves on the shelf as a result of exploration will be more than 11 billion tons of standard fuel, RIA Novosti reports, citing the company's statement published on Thursday.
"The board of Gazprom approved the adjustment program for the development of hydrocarbon resources on the continental shelf of the Russian Federation until 2030 and the plan of priority measures for 2011-2015," the statement reads.
Gazprom plans to extract 200 billion cubic meters of gas and 10 million tons of oil annually
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