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We have submitted a planning application for Ebberston Moor South, a conventional gas deposit.
The town sits 10,000 to 13,000 feet above a rich underground gas deposit known as the Haynesville Shale.
But by any estimate, the gas deposit is huge — perhaps as much as 500 trillion cubic feet.
Rusia Petroleum's situation is made worse by the fact that Kovykta is a gas deposit, and so it falls squarely within Gazprom's realm.
And he acknowledged that he reported finding a natural gas deposit of 300 billion cubic feet in 1998 that never materialized.
Mr. Arafat, celebrating the multibillion-dollar discovery of what industry officials confirmed is a major gas deposit, said it would provide "a strong foundation for a Palestinian state".
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Large natural gas deposits have been tapped.
East Timor's economic future depends on offshore natural gas deposits.
Gazprom already has vast gas deposits in Siberia.
Shale oil and gas deposits are common in many countries.
Cyprus wants U.S. help in resolving the standoff and in tapping oil and gas deposits.
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