The Gazprom Board of Directors commended the Company for the progress made on its major investment projects.
As part of the Eastern Gas Program, the Company is implementing the most ambitious project in the global gas industry. The project will allow Gazprom to provide gas supplies to domestic consumers in Russia’s Far East and start delivering pipeline gas to the extensive and fast-growing Chinese market.
In the east of Russia, the Company is shaping the Yakutia and Irkutsk gas production centers on the basis of the Chayandinskoye and Kovyktinskoye fields, respectively. At Chayandinskoye, pre-development is underway, with 99 gas wells drilled and a river wharf in the Peleduy settlement put in operation to receive large cargo.
Gazprom continues to implement a number of strategic projects in the west. This work is key to the long-term development of Russia’s Unified Gas Supply System (UGSS) and the provision of reliable gas supplies to consumers in the European part of the country and the traditional European markets.
The Company consistently ramps up its gas production capacities in the Yamal Peninsula, which will be crucial to the development of the Russian gas industry in the coming decades. At Bovanenkovskoye, the most important field of the new Yamal gas production center, it is planned to bring a third gas production facility into operation in 2018. This will help the field reach its design production level of 115 billion cubic meters of gas per year.
At the same time, the northern gas transmission corridor is being expanded. In 2018, construction of the linear part of the Ukhta – Torzhok 2 gas pipeline will be completed, with 869.5 of 970 kilometers built as of today. There are plans to bring onstream 371 MW of compressor capacities at the Bovanenkovo – Ukhta 2 gas pipeline, which is currently in operation. In addition, it is planned to lay some 600 kilometers of gas pipelines as part of the UGSS development project for northwestern Russia.
Construction of the export gas pipeline across the Black Sea, TurkStream, is right on schedule, with a total of 991 kilometers – 53 per cent of the overall length of the two strings in the pipeline’s offshore section – completed.