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 volume 13, issue #18 - Thursday, October 09, 2008

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Gazprom to receive seven natural gas field licenses in September

07-09-08 Gazprom is planning to receive licenses for the development of seven strategic gas fields in Russia by the end of September, the Russian energy giant said. On September 2, Gazprom already received licenses for the Chayanda, Kirinskoye, Semakovskoye gas fields from the list of 10 federal fields, which were earlier transferred to the company without a tender.
"The remaining seven licenses have already been signed by the agency and will be signed by Gazprom in the near future. They will also be registered in September," deputy chairman of Gazprom's management committee, Alexander Ananenkov, told at an economic forum in Yakutsk.

The Russian government ordered in mid-April the transfer without a tender to Gazprom of the country's largest oil and gas condensate field, the Chayanda field in Yakutia. In July, it has transferred to Gazprom, also without a tender, another nine federal gas fields, following instructions from former premier Viktor Zubkov.
Gazprom will pay at least $ 340 mm for the license to develop the Chayanda field with proven reserves of 1.24 tcm of gas and 50 mm tons (about 370 mm barrels) of oil, and will start its development already in 2008.

Ananenkov also said that Gazprom had increased its projected investment for next year by 15 %, from rubles 850 bn ($ 34 bn) in 2008 to rubles 1 tn ($ 40 bn) in 2009.
Half of the investment in 2008 will be allocated for capital expenditures, he added.

Source: http://en.rian.ru



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