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Gazprom and RusGazDobycha together will develop extractive fields of Yamal
Within the Eastern Economic Forum the chairman of the board of Gazprom Aleksey Miller and the director general of the company RusGazDobycha Artyom Obolenskiy signed the agreement on terms of fulfillment of the joint project on development of Parusovoye, Severo-Parusovoye and Semakovskoye fields in Yamal-Nenets Autonomous Okrug.
The agreement contains a procedure for establishment and operation of the project company. Targeted parameters of profitability of the future project, marketing concept, including principles of sale of extracted natural gas, were coordinated. The list of activities of the preparatory phase that must be performed for taking the final investment decision was defined, as it is stated in the message of Gazprom. The sides agreed that “Gazprom dobycha Yamburg” as the owner of licenses for development of the fields and RusGazDobycha would establish the project company “RusGazAlyans” on a parity basis. On the preparatory phase the company will develop substantiation of investments of the project, will conduct design and survey work and will prepare design documentation for development of the fields and creation of transport infrastructure to enter into the gas transportation system of Gazprom. In addition, “RusGazAlyans” should define potential contractors and to negotiate terms of purchase of natural gas with future buyers. By the results, it is planned to define configuration of the project, amount of investments and structure of financing. The final investment decision about fulfillment of the project will be taken at conformity of the project to the parameters set in the agreement, as TASS informs. The company RusGazDobycha was created to increase efficiency of the production chain of assets of “National Chemical Group”, to receive access to raw materials (natural gas) and also to invest to raw material and processing production capacities.
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