04 June 2004 00:01
Russo-British TNK-BP, Gazprom in gas export joint venture
Irkutsk, 4 June: Russian-British oil major TNK-BP and Russia's natural gas monopoly Gazprom intend to establish
a joint venture to export natural gas from the Kovykta gas condensate field [Eastern Siberia], the managing director of
TNK-BP, Viktor Vekselberg, told reporters on Friday [4 June].
Gazprom's export arm Gazeksport expects to take part in negotiations between shareholders of the Rusia Petroleum
company and South Korea's Kogas and China's CNPC, potential buyers of gas.
Rusia Petroleum has a licence to develop the Kovykta field.
The Kovykta project envisages development of the Kovykta gas condensate field in Irkutsk Region, with proven reserves
of 1,900 billion cubic metres of natural gas, and the creation of a single system for natural gas production,
transportation and supplies in Eastern Siberia and the Russian Far East.
But Vekselberg said TNK-BP will not unite its assets with those of Gazprom for development of the Kovykta project,
though TNK-BP acknowledges Gazprom's participation in the project as a partner.
Gazprom's deputy chairman, Aleksandr Ananenkov, said on Thursday that Gazprom did not see any benefit in joining
the Kovykta project at the moment.
[Prime-TASS news agency] |
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