Petrel views Crimean gas-export opportunity

Gazprom has received a plan to develop energy projects in the disputed region of Crimea

London-listed exploration company Petrel Resources, has submitted a proposal to Russian state gas monopoly Gazprom to develop a liquefied natural gas export facility on the Crimean Peninsula. The plan, presented by Petrel's managing director David Horgan, was submitted to Gazprom executives at a meeting in the Crimean city of Yalta in April. He suggested establishing an LNG export terminal fed primarily by a gas pipeline from existing discoveries in western Siberia and central Asia. To these would then be added supply from potential gas discoveries in the Sea of Azov, off the Crimea, where the majors had high hopes of finding hydrocarbons before Russia occupied the region. "Crimea has been p