03 June 2004 04:54
Gazexport to negotiate Kovykta gas exports (Part 2)
MOSCOW. June 3 (Interfax) - Gazprom's export arm Gazexport will conduct negotiations on exporting gas produced
at the Kovykta gas condensate field in the Irkutsk region, Gazprom said in a press release.
The agreement was reached at a meeting between Gazprom CEO Alexei Miller and TNK-BP Managing Director Viktor
Vekselberg, Gazprom said. TNK-BP's Rusia Petroleum subsidiary holds the Kovykta license.
"The parties agreed that there should be one outlet for East Siberian gas exports to the Asia-Pacific region.
Vekselberg, for one, said Gazexport should conduct negotiations on the terms for exports supplies, including volumes,
schedules and the price formula," Gazprom said.
Vekselberg earlier said TNK-BP planned to negotiate the joint development of Kovykta with Gazprom by the end of the
year.
Gazprom and TNK-BP have formed a working group on the Russian gas monopoly's involvement in the project.
Kovykta, which is 450 km from the city of Irkutsk, holds an estimated 1.9 trillion cubic meters of natural gas.
TNK-BP owns 63% of Rusia Petroleum, the license-holder. [RU ASIA EUROPE EEU EMRG ENR NGS TRD CORA] pr
[Interfax] |
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