TNK-BP intends to double gas production rates next 5 years.

TNK-BP intends to double gas production rates next 5 years. The company's expanses will grow on 10-15% annually, says Maxim Barsky the TNK-BP Deputy Chairman in an interview to "Russia 24" TV channel at the St. Petersburg International Economic Forum. According to him, there is a rise in gas consumption and the company expects a consolidation of the gas assets. M. Barsky says that the company has got a gas project named "Rospan," where the gas production rates make over 13 billion of cubic meters and it is already planned to increase up to 18 billion of cubic meters. TNK-BP is looking forward to purchase new natural gas assets in addition plus to invest into its own international hydrocarbon assets. Read more.