Gazprom Launches Investment Project for China Gas Supply

Gazprom Launches Investment Project for China Gas Supply1

Alexey Miller of Gazprom signed an order to start the implementation of the company’s investment projects for gas supply to China.

Starting from today, all the specialized structural units and subsidiary companies are involved in the projects for creating gas production, transmission and processing capacities to supply gas to China. All these investment projects rely on natural gas from the Yakutia gas production center.

In line with the approved comprehensive Action Plan, Gazprom will start pre-developing the gas deposit of the Chayandinskoye field, constructing the first string of the Power of Siberia gas transmission system (GTS) and creating a gas processing and helium complex in the Amur Region in 2015.

It is planned to launch gas production from the Chayandinskoye field in late 2018. By this time, the top-priority section of the Power of Siberia GTS from Chayanda to Blagoveshchensk and primary gas processing capacities will be put onstream. This will make it possible to initiate direct gas supplies to China in line with the obligations provided for by the contract.

The comprehensive plan also stipulates test oil production from the Chayandinskoye field in 2014 and pilot production – in 2015. The oil supplies into the Eastern Siberia – Pacific Ocean oil trunkline are slated for late 2017.

[mappress]

Press Release, May 26, 2014; Image: Gazprom

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