- Sputnik International
World
Get the latest news from around the world, live coverage, off-beat stories, features and analysis.

Gazprom, LUKoil discuss joint projects in East Siberia, Far East

Subscribe
MOSCOW, November 9 (RIA Novosti) - The heads of Russia's natural gas monopoly Gazprom and oil major LUKoil met Wednesday to discuss joint projects in East Siberia and the Russian Far East, Gazprom's press service said.

Gazprom CEO Alexei Miller and LUKoil President Vagit Alekperov also discussed the implementation of a 2005-2014 strategic partnership agreement signed by both companies in March 2005, the statement said.

"The document envisions joint projects to explore and develop oil and gas fields in the Yamalo-Nenets and Nenets autonomous districts [in Russia's arctic north], the Russian sector of the Caspian Sea, Uzbekistan, and other regions, and to develop cooperation in the transport of oil and gas condensate by sea," the statement said.

In June 2003, Gazprom and LUKoil established a joint venture on a parity basis to develop fields in the Caspian Sea together with Kazakh KazMunaiGaz.

Miller also met Wednesday with Shoei Utsuda, the head of Japanese company Mitsui & Co. Ltd.

The parties discussed joint projects to produce and sell liquefied natural gas, to establish a unified system for gas production, transportation, and supply in East Siberia and the Far East, with the possibility of exports to China and the Asia-Pacific region.

Miller and Utsuda discussed prospects of implementing the program for gas distribution on the Sakhalin island near Japan, and the possibility of Gazprom joining the Sakhalin-II project.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала