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Final investment decision on Chayandinskoye field and Yakutia
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Friday, 02 Nov 2012

Gazprom starts the second stage of the Eastern Gas Program establishing a large gas production center in the Republic of Sakha.

Gazprom's Management Committee adopted the final investment decision on the Investment Rationale for the Chayandinskoye field pre development, transmission and processing of gas.

The investment rationale will lay the foundation for generating the project documentation on infrastructure of the Chayandinskoye oil and gas condensate field, separate sections of a gas trunkline from Yakutia to Vladivostok via Khabarovsk as well as processing and gas chemical facilities in Belogorsk.

The Chayandinskoye field is the cornerstone of the Yakutia gas production center. Gas reserves of the Chayandinskoye oil, gas and condensate field make up 1.2 trillion cubic meters almost twofold more than Russia produced in 2011. The recoverable oil and condensate reserves 79.1 million tonnes. It is projected to bring into production Chayanda's oil rim in 2014 and gas deposits in 2017.

Gazprom will build a gas pipeline from Yakutia to Vladivostok via Khabarovsk in order to convey gas produced from the Chayandinskoye field. The pipeline's length will amount to some 3,200 kilometers. The gas pipeline route will run in parallel with operating Eastern Siberia Pacific Ocean oil trunkline, thus allowing to optimize infrastructure and energy supply costs. The annual throughput of the gas pipeline will be 61 billion cubic meters the pipeline will be fully operational in late 2017.

According to provisional estimate, it is supposed to invest RUB 430 and 770 billion in pre development of the Chayandinskoye field and construction of the gas pipeline. Establishing the Yakutia gas production center will trigger large scale gas processing development in Eastern Russia. In parallel with the Chayandinskoye field pre-development and the gas pipeline construction, Gazprom will create gas processing and helium production capacities in Belogorsk.

At the next stage the Kovykta field will be fully developed in the Irkutsk Oblast and a 800 kilometer gas pipeline between the Irkutsk and Yakutia gas production centers will be build. Both centers will be connected to a system of gas delivery to the Pacific coast of Russia.

Consideration is being given to possible connection of the Irkutsk and Krasnoyarsk gas production centers by gas pipelines that will subsequently run towards Novosibirsk and Omsk and join the gas transmission system in Western Siberia and European Russia.

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