The field is located 80 km to the south-west of Atyrau, the reservoir lies below the shallow waters of the northern part of the Caspian Sea.
Russian gas supplied to Europe via the Nord Stream has a carbon footprint that is four times smaller than from the US gas, Alexander Novak told reporters.
Germany is the leader of Russian pipeline gas imports in Europe. In March, Germany continued to actively increase its purchases from Gazprom.
The French energy company announced in early April that it had completed its first operation to transport liquefied natural gas using the railways.
Due to limited production, Europe has long been dependent on natural gas imports from other countries, with the largest volumes of EU gas traditionally flowing from Russia.
The Russian government has adopted a long-term programme to develop the LNG sector, envisioning a massive (triple, some sources say) increase in production over the next fifteen years.
The forecast shows that global trade in liquefied natural gas (LNG) increased to 360 million tonnes in 2020. This is enough to power 725 million households.
The German government hopes that the Biden administration will weaken the sanctions against Nord Stream 2 (NS2). German diplomacy is pushing to win U.S. acceptance of NS2’s completion and launch.