Gazprom stays focused on developing the long-term strategic relationships

Gazprom stays focused on developing the long-term strategic relationships

Gazprom and Eni address prospects for enhancing bilateral cooperation
Sochi hosted a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Claudio Descalzi, Chief Operating Officer of Eni.

The parties addressed the main areas of and prospects for enhancing the bilateral cooperation in the energy sector, in particular, the partnership within the South Stream project. It was pointed out that new supply routes would provide European consumers with the required gas volumes over the long run.

The meeting participants also discussed the issues of Russian natural gas supply to Italy.

    Gazprom and Petrovietnam sign agreement to develop Nagumanovskoye and Severo-Purovskoye fields

Alexey Miller, Chairman of the Gazprom Management Committee and Nguyen Xuan Son, Chairman of the PetroVietnam Oil and Gas Group (PVN) Board of Directors signed in Sochi a Framework Agreement on joint development of the Nagumanovskoye (Orenburg Region) and Severo-Purovskoye (Yamal-Nenets Autonomous Area) fields.

The signing ceremony took place in the presence of Vladimir Putin, President of Russia and Nguyen Phu Trong, General Secretary of the Communist Party of Vietnam Central Committee.

The document outlines the main terms for the projects’ implementation, in particular, the timeline for decision-making to start the development operations, a marketing concept as well as general principles of price setting and project financing. The Gazpromviet joint company (Gazprom holds a 51 per cent stake and Petrovietnam – a 49 per cent stake) will be responsible for the implementation of the Agreement.

“Gazprom stays focused on developing the long-term strategic relationship with Vietnam. We are successful in joint gas production from the Republic’s shelf; we are also engaged in oil refining projects as well as develop the NGV sector in Vietnam. Today’s Agreement will reinforce our partnership in gas production on the Russian territory. It is for the first time when a company from Asia-Pacific acts as a business partner and co-investor of Gazprom’s promising fields in Russia,” said Alexey Miller.

    Gazprom and Turkey – strategic partners

Moscow hosted a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Taner Yildiz, Minister of Energy and Natural Resources of the Republic of Turkey.

The meeting addressed the issues of strategic partnership, in particular, the prospects for cooperation deepening in natural gas supplies from Russia to Turkey. The parties noted that Turkey was among top consumers of Russian ‘blue fuel’ for many years and Russia, in its turn, was a reliable provider of natural gas for the Turkish economy, thus covering nearly 60 per cent of the country’s total consumption.

The Blue Stream gas pipeline is important for ensuring stable gas supplies to Turkey. For instance, around 110 billion cubic meters of gas have been conveyed via Blue Stream since the start of commercial gas deliveries. The meeting participants stressed that Russian gas exports via that route were gradually increasing, and this upward trend could continue. In this regard, the parties confirmed their mutual intention to expand Blue Stream’s capacity by 3 billion cubic meters.

Source: Gazprom
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