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17

Shell: Rusisa's Yamal Gas Reserves More Than Gazprom's

Shell chief executive officer Jeroen Van Der Veer and CEOs from Dutch companies including gas trader GasTerra

Shell chief executive officer Jeroen Van Der Veer and CEOs from Dutch companies including gas trader GasTerra said the Russia's Yamal peninsula and Kara Sea gas deposits may hold over 30 trillion cubic metres of gas, more than the proved reserves of Gazprom.

Russia has said it was "interested'' in the proposal to develop Yamal peninsula.

The Dutch energy companies, including Essent and Nederlandse Gasunie, would work in the region with state-run Gazprom, which needs the fuel from Yamal to replace dwindling production at existing fields.