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Lloyds List: Gazprom lines up another Sakhalin development

Published: Jun 26, 2007

GAZPROM has its eyes on another eastern offshore gas project near Sakhalin island to supply Vladivostok and the surrounding area with energy.

The state-run monopoly is looking to acquire the Chayandinskoye gas field in the Sakhalin 3 licence to develop these resources and feed a new pipeline it is building in the next five years.

A Moscow news agency reported that Gazprom’s deputy chief executive, Alexander Ananenkov, had told the government it needed the licence to supply Vladivostok with gas.

He said the Khabarovsk to Vladivostok pipeline would be built by 2011 and the Chayandinskoye field could be developed by 2016, although there were no details of how this would be achieved.

The Russian group has been active in securing equity in hydrocarbon projects in eastern Russia after buying a controlling stake in Shell’s Sakhalin 2 oil and gas developments.

Mr Ananenkov said Gazprom was also considering developing resources on the Kamchatka peninsula as part of its strategy in eastern Russia.

Geologists believe the Chayandinskoye field could hold 1.24trn cu m of natural gas and 80m tonnes of oil, while the rest of the Sakhalin 3 area may have 850m tonnes of oil and 800bn cu m of gas.

The Russian Energy Ministry and Gazprom are thought to be working together to put together a draft programme for eastern Russian developments by the end of this year.

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