Russia, China round up joint naval exercise in Baltic SeaMilitary & Defense July 27, 21:27
Chechen leader says he is ready to quit his job to protect al-Aqsa Mosque in JerusalemSociety & Culture July 27, 21:07
Russian tennis star Sharapova granted wildcard for WTA tournament in CincinnatiSport July 27, 20:11
Russia invites Baltic partners to attend naval review in St. PetersburgMilitary & Defense July 27, 19:38
Russia’s new ambassador to Turkey presents his credentials to ErdoganRussian Politics & Diplomacy July 27, 19:03
Deadly wildfires in southern EuropeWorld July 27, 18:20
Russia interested in cooperation with Finland on Arctic environmentBusiness & Economy July 27, 18:14
New US anti-Russia sanctions way to pursue its economic interests with cynicism — PutinRussian Politics & Diplomacy July 27, 18:11
Moscow surgeons separate newborn Siamese twins conjoined at head in 30 minutesSociety & Culture July 27, 17:57
MOSCOW, May 26. /ITAR-TASS/. Russian gas monopoly Gazprom is considering various options of the oil company Lukoil’s participation in Gazprom’s Eastern Gas Program and gas exports to China, a source familiar with the negotiating process told ITAR-TASS.
Lukoil recognized Gazprom’s priority in export supplies, the source said.
According to the deal, gas supplies from the Bolshekhetskaya Depression would reach 14.5 billion cubic meters a year by 2020, the source said. Caspian supplies will increase threefold to 4.5 billion cubic meters. Lukoil’s gas from the Timan Pechora field will be transported to the Sosnogorsk gas processing plant.
The companies will also develop pipe supplies, including those of Gazpromtrubinvest’s products.
Under the agreement on partnership till 2024 signed at the St. Petersburg International Economic Forum, the companies will cooperate in the exploration, production, transportation and supplies of hydrocarbons in the Nenets and Yamalo-Nenets Autonomous Areas, Russian continental shelf and the Caspian, Eastern Siberia and Far East and other regions in Russia and abroad.
The two companies are planning to coordinate geological exploration and exchange data, and develop data storage standards. Gazprom and Lukoil will develop ties in oil and gas condensate transportation by sea from the northern territories of the Nenets and Yamalo-Nenets Autonomous Areas. Lukoil’s gas will be transported through Gazprom’s system, while Lukoil’s transportation and loading facilities will transport Gazprom’s gas.
Gazprom and Lukoil will maintain the existing partnership relations in hydrocarbon supplies, petroleum and gas chemical production and storage of uncommitted oil and gas condensate resources at gas and oil processing plants in Russia and abroad.