print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all GAZPROM press releases

GAZPROM

July 7, 2004

Russian-Korean Round-Table Meeting on Energy Dialogue in North-East Asia conducted

The Moscow-based Center for Strategic Developments hosted today a Russian-Korean Round-Table Meeting on Energy Dialogue in North-East Asia. The Meeting was attended by Alexander Ananenkov, Deputy Chairman of Gazprom's Management Committee, who delivered a Report on gas field development prospects in Eastern Siberia and the Far East.

Presenting his Report, Alexander Ananenkov pointed out that while some 25% of Russia's total gas resources were concentrated in the country's east, the gas industry of this region was only in the begining of its way towards development. The United Gas Transmission System (UGTS) does not fully cover eastern Russia, except in a handful of locations on the Sakhalin Island, in the Khabarovsk Area, Yakutia and the northern Krasnoyarsk Area. The UGTS enlargement will significantly spur social and economic development of the region as well as will foster Russia's energy safety maintenance and Russian hydrocarbons promotion to new sales markets. The corporate business expansion in eastern Russia is one of Gazprom's core strategic challenges.

The Chayandinskoye, Kovyktinskoye, Yurubcheno-Tokhomskoye, Sobinsko-Paiginskoe and the Shakalin Island fields are believed to become a backbone of the East Siberian and Far Eastern gas industry development. Characterized by varied natural resources and rich in helium, fields of Eastern Siberia and Yakutia predetermine the need to establish gas processing and high added value output production centers in the region.

The mineral resource base and gas production potential of eastern Russia will make it possible not only to meet over the nearest 20-30 years natural gas needs of the region itself and to ensure gas injections into the UGTS but to export gas to the Asia-Pacific, as well. According to the existing forecasts, demand for primary energy sources is stably growing in China, Korea, Japan and other Asian countries. At the same time, there are more and more optimistic forecasts as for the prospect of developing the liquefied natural gas market in the USA , with potential Russian gas deliveries both to the US Atlantic and Pacific coasts.

Gazprom's position centers on the necessity to maintain a comprehensive state-controlled approach to exploiting oil and gas resources of Eastern Siberia and the Far East, which aims at bringing into operation the existing and promising fields and gradually forming an integrated gas pipeline network linked to the UGTS.

"Setting up a united gas supply system in eastern Russia and signing a Russian-Korean intergovernmental agreement on the main terms and conditions of Russian natural gas deliveries to the Republic of Korea will establish a favorable environment for secure and long-term supplies of Russian gas to the Korean market in the same way Russian gas is being exported to Europe," - noted Alexander Ananenkov.

DIVISION OF RELATIONS WITH MASS MEDIA

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer