From: RIA NOVOSTI: What the Russian papers say
20:00 | 05/ 09/ 2007
Vladimir Kozlov, head of the Sakhalin office of Russian natural gas monopoly Gazprom, openly confirmed Gazprom’s claim to all gas produced in the Sakhalin-1 project.
Therefore, the expectations of those companies, which hoped to gain large profits under the product sharing agreement to develop the oil and gas resources on the island’s shelf, are likely to be frustrated.
The Gazprom manager said that until 2016 gas from the Sakhalin-1 project would be the only source of gas for Russia’s Far East. According to Gazprom’s estimates, the Far East and the Trans-Baikal area will require 13 billion cubic meters of gas until 2010, 16 billion by 2015, and 19.2 billion by 2020. Experts say that these figures are overstated, as the only large domestic gas consumer in the region is the Khabarovsk Territory which needs 3 to 4 billion cubic meters of gas a year. read more
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