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Gazprom to Develop Kovykta Ahead of Schedule
For Kovykta gas condensate field, the production schedule was promptly revised once Gazprom sealed Friday an agreement for the buyout of 62.89 percent in its license holder, RUSIA Petroleum.
Instead of the production startup in 2017, for which Gazprom Deputy Chief Executive Alexander Ananenkov has been pressing over the past seven years, the monopoly is ready to set to selling Kovykta gas in three or four years. “Kovykta has the chance not for some distant but for intense development,” another Deputy Chief Executive of Gazprom Alexander Medvedev announced yesterday.
Kovykta will be developed in line with the Eastern Program, which the government is currently studying for approval, Gazprom representatives explained. The draft of that program spells out scenarios of intense development of Kovykta with the first option providing for gas deliveries to the Unified Gas Supply System and for the sale of 11 billion cu meters of Kovykta gas in the European part of Russia or in the European Union in 2011.
Another scenario omits the Unified Gas Supply System. In this case, the start of production is put off till 2012, the amount is reduced to 6 billion cu meters and the gas will go to the Asian and Pacific region.
Gazprom backs up the second option. “Potential sales markets are China and Korea, the negotiations are underway with both of them,” Medvedev confirmed.
As to Europe, the European Commission hailed the Kovykta agreement of Gazprom and BP yesterday, According to the Energy Commissioner Andris Piebalgs, the agreement will enable to develop Kovykta field and positively affect investment climate in Russia.
www.kommersant.com
All the Article in Russian as of June 26, 2007
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