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Irkutsk Oil Co's gas fields to boost Power of Siberia capacity

24th June 2014

Russia’s Irkutsk Oil Company is holding talks with Gazprom and the Russian energy ministry on supplying up to 5 billion cubic metres of associated gas annually from its fields in Siberia through the Sila Sibiri (Power of Siberia) pipeline, according to Russian newsagency ITAR-TASS

Irkutsk Oil CO fields to boost Power of Siberia capacity
The company plans to boost exports and the annual associated gas output of its yet-to-be-built gas chemical plant in the Ust-Kut city of the Irkutsk Region to 7 billion cubic metres in the next 5 years

“The question is being discussed now. The decision on access has not been made yet. We are ready to supply up to 5 billion cubic meters of gas annually,” said company representative Anton Didenok yesterday.

The company plans to boost exports and the annual associated gas output of its yet-to-be-built gas chemical plant in the Ust-Kut city of the Irkutsk Region to 7 billion cubic metres in the next 5 years. The launch of the plant is slated for 2019.

State-owned oil company Rosneft is the major lobbyist of independent gas exports through the Sila Sibiri pipeline. The company is now in negotiations with Gazprom on supplying up to 18 billion cubic meters of gas annually via the pipeline from its fields in eastern Siberia.

The Sila Sibiri pipeline’s first stage is to be launched at the end of 2017. The pipeline with an annual capacity of 61 billion cubic meters will pump gas from fields in East Siberia to the country’s Far East and China.

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