Gazprom, Russian Railways and Yamal discussed issues of creation of the Northern Latitudinal Railway

The working meeting of the chairman of the board of “Gazprom” Aleksey Miller with the president of “Russian Railways” Oleg Belozyorov and the governor of Yamal-Nenets Autonomous Okrug Dmitriy Kobylkin took place in the central office of the company “Gazprom”.

They discussed issues of development of railroad infrastructure on the territory of the arctic region within fulfillment of the promising project on creation of the Northern Latitudinal Railway. The project supposes building of the railroad line on the route Obskaya – Salekhard – Nadym –Pangody – Noviy Urengoy – Korotchayevo with the total length 707 kilometers, as it is informed on the website gazprom.ru. It will allow connecting the Northern and Sverdlovsk Railways and to decrease the length of transport routes from extractive fields in northern districts of Western Siberia to ports of the Baltic, White, Barents and Kara Seas. As we should remind, the government of Yamal-Nenets Autonomous Okrug and “Russian Railways” concluded the agreement about joint fulfillment of the project of the Northern Latitudinal Railway. The governor of Yamal connects further prospects of Yamal with this project. It is planned to start fulfillment of the project “The Northern Latitudinal Railway” in 2018, to finish – in 2022. According to the agreement between “Russian Railways” and the government of Yamal-Nenets Autonomous Okrug, the project will be fulfilled with attracting of funds of investors on the concessional scheme. According to the forecast, the amount of transportations on the Northern Latitudinal Railway, predominantly gas condensate and petroleum cargoes, will make 23 million and 900 thousand tons per year. Dmitriy Kobylkin underlines significance of the Northern Latitudinal Railway for Yamal: “along the whole route there is big amount of small oil and gas fields. They have to wait for very high price for oil and gas. Because at existing prices it is extremely unprofitable to transport extracted raw materials from there. When the railroad line is built, the problem will be solved. An even at the price of a barrel of oil 40 dollars it will be possible to sell it and to create necessary production capacities.