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Russia’s Irkutskenergo mulls supplying gas to China

June 06, 2014, 13:00 UTC+3 IRKUTSK
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IRKUTSK, Jun 6. /ITAR-TASS/. Russian power producer Irkutskenergo considers supplying gas to China from its Kupsky field after Moscow and Beijing have agreed to build a gas pipeline to the Asian state, CEO Oleg Prichko said during the company’s annual general meeting on Friday.

“The Kupsky field is located in the vicinity to the gas pipeline, allowing the company to receive additional revenue from selling the field’s gas via the pipeline,” he said. The company plans to launch the commercial production at the field by 2016, Prichko said.

The company is working out the possibility to become an independent gas supplier on the route.

Irkutskenergo is also studying the possibility of exporting electric power to China and Mongolia, but has yet failed to agree on a contract that would allow the company to gain profit, Board Chairman Andrei Likhachyov said. "Prices on these markets are lower than those attractive for the company," he said.

Irkutskenergo produces, transmits, and distributes electric and thermal power in the Irkutsk Region. Power company EuroSibEnergo, part of Russian businessman Oleg Deripaska’s En+ Group, holds 50.19% in Irkutskenergo, while power holding Inter RAO holds 40.007%.

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