A working meeting between Alexey Miller, Gazprom’s Management Committee Chairman and Victor Vekselberg, TNK-BP’s Chief Operating Officer, was held today at Gazprom’s Headquarters.

The parties deliberated on the development prospects of the Kovyktinskoye gas condensate field and achieved an accord on the need to use an integrated export channel when delivering gas to Eastern Siberia and Asia Pacific.

Victor Vekselberg stressed, in particular, that negotiations on gas supply terms and conditions covering gas volumes, supply timing and price calculation formula should be conducted by Gazexport, a 100% Gazprom subsidiary.

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The Kovyktinskoye gas condensate field is located in the Irkutsk region, 450 km northeast of the city of Irkutsk.

Natural gas reserves of the field are estimated at 1.9 tcm.

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