Gazprom invest Vostok has been named as customer of Gazprom’s investment projects as part of the Development Program for an integrated gas production, transportation and supply system in Eastern Siberia and the Far East taking into account potential gas exports to China and other Asia-Pacific countries.

“Eastern Siberia and the Far East are to become one of the main Russian gas centres in future. The implementation of large-scale projects in these strategically important for the gas industry regions envisages a significant concentration of efforts and resources of Gazprom. At the same time it is crucial to provide a united approach to the implementation of our projects based on high-quality and timely fulfillment of Gazprom’s requirements. The mission of Gazprom invest Vostok, our subsidiary company, is to accumulate all the potential of Gazprom in the eastern Russia and to come out as a centralized customer in the region,” said Alexander Ananenkov, Deputy Chairman of the Gazprom Management Committee.

Reference:

The September 3, 2007 Order by the Russian Federation Industry and Energy Ministry approved the Development Program for an integrated gas production, transportation and supply system in Eastern Siberia and the Far East taking into account potential gas exports to China and other Asia-Pacific countries. Gazprom was appointed by the Russian Government as the Program coordinator.

Gazprom invest Vostok is a 100 per cent owned Gazprom’s subsidiary company set up pursuant to the Board of Directors’ resolution in 2007 for the purpose of implementing Gazprom’s investment projects in eastern Russia.

Gazprom invest Vostok has been named as customer of the following investment projects:

• Chikanskoye gas and condensate field – Angarsk – Irkutsk gas main
• gas supply to the Kamchatka Oblast. Phase 1. Gas supply to the city of Petropavlovsk-Kamchatsky. GTU-2 Nizhne-Kvakchinskoye gas condensate field – automated gas distribution station of Petropavlovsk-Kamchatsky gas main. Pre-development of the Kshukskoye and Nizhne-Kvakchinskoye gas and condensate fields
• Sakhalin – Khabarovsk – Vladivostok gas main
• Yakutia – Khabarovsk – Vladivostok gas main
• gas supply to the Kamchatka Oblast. Phase 2
• gas processing facilities in the Republic of Sakha (Yakutia)
• gas processing facilities in the Irkutsk Oblast
• gas processing facilities in the Krasnoyarsk Krai
• Phase 2 of the Bratskoye gas and condensate field – Bratsk gas main.