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Gazprom and LUKOIL continuing strategic cooperation

June 9, 2016, 18:50

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Vagit Alekperov, President of LUKOIL, took place at the Company's headquarters today.

The parties noted the strategic nature of the companies' cooperation. The topics covered at the meeting included the implementation of the long-term contract for purchasing gas from LUKOIL's fields in the Bolshekhetskaya Depression and the project for processing LUKOIL's associated petroleum gas at the Gazprom-owned Sosnogorsk plant.

Alexey Miller and Vagit Alekperov also discussed the possibility of installing compressed natural gas dispensers at LUKOIL's filling stations.

Background

Gazprom and LUKOIL are bound by the 2014–2024 General Agreement on Strategic Partnership.

On October 9, 2015, associated petroleum gas started flowing to Gazprom's Sosnogorsk gas processing plant from the northern group of fields developed by LUKOIL-Komi. Prior to that, Gazprom and LUKOIL implemented a joint project for rearranging the gas supply scheme for consumers within the Pechora industrial cluster.

Together with their Kazakh partners, both companies are engaged in geological exploration and development of the Tsentralnoye oil, gas and condensate field in the Caspian Sea.

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