Dec. 13 (UPI) -- Russian companies Gazprom, which produces 12 percent of the global gas output, and Lukoil, which lifts 2 percent of the global crude production, are set to create a joint venture to extract natural gas from the Arctic.
Alexey Miller, chairman of the Gazprom Management Committee, and Lukoil President Vagit Alekperov, met to discuss the development of the "Vaneyvisskoye and Layavozhskoye fields in the Nenets Autonomous Area," Gazprom said Thursday.