Gazprom may not have enough money to develop both the gas resources of the Shtokman Field in the Barents Sea (in the upper left of the figure) and the resources of the Bovanenkovo Field on the Yamal Peninsula (upper right). If it has to choose, it may postpone Shtokman development: Shtokman, Yamal, or both?:
Gazprom is a champion on the laying of pipelines and developing land-based fields, but has little experience from developing huge offshore fields. That might make the company choose Yamal as priority number one.
Gazprom is reportedly already well underway with the development of the biggest of the fields in Yamal, the Bovanenkovo field. Thanks to this field alone, Gazprom will according to plans be able to increase annual gas production with 115 billion cubic meters. When the whole peninsula is developed, regional gas production will boost to a projected 250 billion cubic meters....