facebook
twitter
rss
account
search
search
 

Gazprom, Lukoil discuss regional assets

Sept. 14, 2012 at 6:44 AM   |   Comments

MOSCOW, Sept. 14 (UPI) -- Russian natural gas company Gazprom said it hosted delegates from oil company Lukoil to discuss reserves in the Caspian Sea and northern Russia.

Alexei Miller, the top executive at Gazprom, met with Lukoil President Vagit Alekperov, in Moscow to discuss work outlined in a 2005 strategic partnership agreement.

Gazprom said the discussions focused on the Bolshekhetskaya deposit near the Kara Sea and on deposits in the Caspian region.

Lukoil in a 2008 annual report estimated the so-called Bolshekhetskaya Depression was producing around 790 billion cubic feet of natural gas per year. The company said it agreed to deliver some of that gas to a regional compressor station that's part of Gazprom's transit network.

Gazprom said its strategic agreement with Lukoil outlines work in north Russia near the Yamal-Nenets autonomous region as well as the Russian sector of the Caspian Sea.

The Caspian Sea has some of the richest deposits of oil and natural gas.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Navy tests MQ-8C unmanned helos Navy tests MQ-8C unmanned helos
2
Europe must drop the euro, Germany abandon mercantilism Europe must drop the euro, Germany abandon mercantilism
3
Harris selected for geospatial data products Harris selected for geospatial data products
4
Sweden plans to replace its Defense and Security Export Agency Sweden plans to replace its Defense and Security Export Agency
5
Throwback Thursday: Facebook launches old-school 'Rooms' app Throwback Thursday: Facebook launches old-school 'Rooms' app
Trending News
Around the Web
x
Feedback