Gazprom & LUKoil blueprint joint Caspian projects

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MOSCOW, June 7 (RIA Novosti) - Alexei Miller, Gazprom Board Chair, and Vagit Alekperov, LUKoil President, met at the negotiation table to discuss the two corporate giants' opportunities to engage in joint petroleum-and-gas projects in the Timan-Pechora province, the Caspian shelf, East Siberia and the Russian Far East.

The negotiators also analyzed the implementation of a Gazprom-LUKoil general contract for strategic partnership in 2005-2014, Gazprom says in a press release.

The agenda included compliance with specifications to link up the Nakhodka gasfield, close to the Russian Pacific coast, to the united gas supply grid. Gas supplies from Nakhodka will certainly start before the contract deadline, the negotiators said.

Gazprom-LUKoil strategic partnership bases on the above-mentioned general contract for 2005-2014. Signed last March, it envisages joint work on projects to prospect and develop petroleum and gas deposits in the Yamal-Nenets and Nenets autonomous areas - both in Siberia's extreme north, the Russian sector of the Caspian Sea, Uzbekistan and elsewhere. The contract also blueprints closer partnership in tanking petroleum and gas condensate by sea from the north of the Yamal-Nenets and Nenets autonomous areas.

The contract envisages further partnership for oil-and-gas supplies, petrochemical and gas chemical industries, and supplies of free petroleum and gas condensate amounts to the two companies' own gas- and oil-processing works based in and outside Russia alike.

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