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“Gazprom” OJSC considering extension of gas supplies from Kazakhstan

“Gazprom” OJSC considering extension of gas supplies from Kazakhstan

 

In Astana held a working meeting of Alexander Medvedev, Deputy Chairman of the Board of “Gazprom” OJSC and Uzakbai Karabalin, Minister of Oil and Gas of the Republic of Kazakhstan.

The parties discussed issues of further development of cooperation in the gas industry and, in particular, there was a talk of extension of the long-term contract till 2038 – on sale and purchase of gas produced from the Karachaganak gas-condensate field. A focus was also placed on the prospects for the joint development of the Imashev gas-condensate field.

In addition, the participants looked into the possible development of Russian and Kazakh gas transmission networks.

Background

“Gazprom” and NC “KazMunayGas” have a successful cooperated since 2002, within the “KazRosGas” joint venture established on a parity basis on purchasing gas of the Karachaganak field, its processing at the Orenburg Gas Processing Plant and sales to Kazakh and Russian consumers.

The cross-border Imashev gas-condensate field is located 60 kilometers northeast of Astrakhan in Russia territory and 250 kilometers southwest of Atyrau in the Kurmangazy District, Kazakhstan. The field contains over 100 billion cubic meters of explored gas reserves with a hydrogen sulfide content of 15 to 17 per cent.

The Intergovernmental Agreement on joint venture on geological study and exploration of the Imashev field is effective since 2010 between Russia and Kazakhstan. “Gazprom” and “KazMunayGas” were authorized to implement the Agreement and “KazRosGas” company was identified as the Imashev field operator.

The explored natural gas reserves of the Republic of Kazakhstan are estimated at 3.3 trillion cubic meters. Natural gas reserves with the account of the Caspian Sea shelf are forecast at about 8 trillion cubic meters. “Gazprom” Group sold 4.7 billion cubic meters of natural gas in Kazakhstan in 2013.

 

Source: http://www.gazprom.ru/press/news/2014/july/article196824/

24 July 2014 | News
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