05/10/2017
Press release: Gazprom and KazMunayGas ink Roadmap to create gas processing JV
Valery Golubev, Deputy Chairman of the Gazprom Management Committee, and Oryn Muratuly Sultanov, Senior Vice President for Major Non-Operating Assets and Offshore Projects of KazMunayGas, today signed a Roadmap at the 7th St. Petersburg International Gas Forum. The document is aimed at setting up a joint Russian-Kazakhstani venture.
According to the Roadmap, the parties will create a working group and conduct a feasibility study for a joint venture focused on processing gas from the Karachaganak oil, gas and condensate field using the capacities of the Orenburg gas processing plant.
Background
The 7th St. Petersburg International Gas Forum is being held as part of the Energy Efficiency and Energy Development International Forum 'Russian Energy Week.'
KazMunayGas National Company is a Kazakhstani operator for exploration, production, processing and transportation of hydrocarbons, representing the government in the domestic oil and gas sector.
Since 2002, Gazprom and KazMunayGas have successfully collaborated within the KazRosGas joint venture established on a parity basis with the purpose of buying gas from the Karachaganak field, processing it at the Orenburg gas processing plant and selling it to consumers in Kazakhstan and Russia.
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