Sakha wants consortium for Russian gas transports to East Asia

Jul 27, 1999 02:00 AM

Mikhail Nikolayev, the president of Russia's Sakha republic, said recently that a consortium should be set up to handle deliveries of Russian gas to East Asia.
Such a consortium, he said, would be responsible for developing gas deposits in Sakha and piping them southward for delivery to China, Korea and Japan.
Nikolayev was speaking at the fifth annual "Natural Gas Pipelines in Northeast Asian States: Multilateral Co-operation" conference. The conference was organised by the Northeast Asian Forum on Gas and Gas Pipelines, which has in recent years held other such gatherings in China, Japan, South Korea and Mongolia.
The meeting was attended by government officials and businessmen from China, Germany, Great Britain, Japan, North Korea, Russia, South Korea, Taiwan, Ukraine, the United States and other countries.
Other gas transport plans, such as Rusia Petroleum's plans for development of the Kovyktinskoye deposit and Gazprom plan for a long pipeline through Siberia to China, came up for discussion. But Sakhaneftegaz President Vasily Yefimov said that the conference would help to focus investors' attention on the options offered by Sakha, formerly known as Yakutia.

Source: NewsBase
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