NEWS IN ENGLISH | Gazprom and LUKOIL sign gas supply agreements
Gazprom and LUKOIL sign gas supply agreements
2015-07-07 09:42:00

A working meeting between Alexey Miller, Chairman of the Management Committee and Vagit Alekperov, President of LUKOIL took place within the St. Petersburg International Economic Forum 2015.

The parties addressed the progress with the General Agreement on Strategic Partnership, placing an emphasis on Gazprom's gas purchases from LUKOIL in the long run.

At the end of the meeting the parties inked an addendum to the contract for gas supply from LUKOIL fields in the Bolshekhetskaya Depression, stipulating gas amounts for 2017 to 2024.

Besides, the Contract for gas supply from the Northern Caspian Sea fields developed by LUKOIL was signed for the period till 2024 inclusive. Gas will enter Gazprom's gas transmission system (GTS) near the town of Budyonnovsk. The volume of annual gas supplies will be determined on the basis of available capacities and operating mode of Gazprom's GTS, and also depending on the commissioning of the Northern Caspian Sea fields.

Source: Gazprom