Investment in Far Eastern gas complex to total 3.3 trln rubles to 2025
KHABAROVSK. June 18 (Interfax) - Total investment in the gas complex of Russia's Far Eastern Federal District to 2025 - including investment by Gazprom - is slated to top 3.3 trillion rubles.
"Over 3.3 trillion rubles will be allocated to the Far Eastern gas complex in the coming years," the Development of the Russian Far East Ministry said in a statement, citing ministry head Viktor Ishayev, who is the presidential envoy in the federal district.
"The pipeline from the Chayanda field alone will cost 770 billion rubles. But this gas will be used for a different purpose, the gas-chemical industry. The time has come to engage not only in oil and gas pipelines, but in creating petrochemical and gas-chemical production," according to the statement, issued after the June 14 signing of a cooperation agreement between the Development of the Russian Far East Ministry and Gazprom .
Investment plans have been charted to 2025, a ministry spokesman told Interfax. The investment will be provided by budgets at various levels and by Gazprom. The spokesman did not specify how much investment Gazprom would provide.
The ministry and Gazprom concluded a cooperation agreement on June 13 which aims to promote socioeconomic development in the Far Eastern Federal District and provide more favorable terms for implementation of the Eastern Gas Program.
Under the agreement, the Development of the Russian Far East Ministry will assist in implementing gas extraction, transportation and processing projects, and projects for distributing gas to consumers in the federal district. The deputy head of the ministry, Dmitry Shelekhov, and Gazprom Deputy CEO Vitaly Markelov will be in charge of carrying out the agreement.
Gazprom and the regions within the Far Eastern Federal District plan to invest 30.4 billion rubles by 2016 in bringing gas service to municipal service facilities and housing, of which 13.7 billion rubles from the regions, 12.8 billion rubles from Gazprom, 2.6 billion rubles from the federal budget and 1.3 billion rubles from municipal budgets.
In the 2013-2015 period, a total of 108 municipal service facilities will be built or reconfigured for gas and more than 1,200 kilometers of distribution pipelines within municipalities will be laid. Gas service will be brought to over 31,000 apartments and home sites.
