Baku, Azerbaijan, July 23
By Elena Kosolapova - Trend: Russian energy company Gazprom discussed the extension of the agreement on gas supplies from Kazakh Karachaganak field until 2038, the company reported on July 23.
The issue was discussed within the meeting of Gazprom's Deputy Chairman Alexander Medvedev and Kazakh Minister of Oil and Gas Uzakbay Karabalin in Astana.
The parties also discussed the other issues of further cooperation in the gas sector. In particular Alexander Medvedev and Uzakbay Karabalin considered the prospects for joint development of Imashevsk condensate field and the possibilities of gas transportation systems development in Russia and Kazakhstan.
Gazprom and Kazakh National Oil and Gas Company KazMunaiGas are successfully cooperating through a joint venture KazRosGas created on a parity basis for the purchase of Kazakh Karachaganak gas, its processing at Russian Orenburg Gas Processing Plant and supplies to customers in Kazakhstan and Russia.
Transboundary Imashevsk condensate field is located 60 kilometers to the northeast of Astrakhan in Russia and 250 kilometers to the southwest of Atyrau in Kazakhstan. Imashevsk field's explored reserves exceed 100 billion cubic meters. Its hydrogen sulfide content hits 15-17 percent.
Russia and Kazakhstan has an intergovernmental agreement on joint geological study and exploration of Imashevsk field. Gazprom and KazMunaiGas defined as the authorized organizations to implement the agreement and KazRosGas as the field operator.
Edited by C.N.
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