Gazprom makes a new gas discovery off Russia

Russia's Gazprom has announced a new gas discovery at the Leningradskoye field in the Kara Sea off Russia.

The Leningradskoye gas and condensate field is located in the Kara Sea within the Leningradsky licensed block. The field's current recoverable gas reserves are estimated to total 1.9 trillion cubic meters and are classified as unique.

As a result of drilling and testing of an exploratory well, commercial gas inflow was obtained with a flow rate of about 600,000 cubic meters per day. This proves that the new deposit contains substantial amounts of gas. Gazprom now believes that the field's commercial value is now much higher than before.

This marks the fourth major discovery made by Gazprom on the shelf of the Yamal Peninsula in the Kara Sea over the last two years.

Gazprom said it will calculate the newly-discovered reserves of the Leningradskoye field and present the findings to the State Reserves Commission.