ESGC directors decide to sell assets to Gazprom for 9 bln rubles
IRKUTSK. March 22 (Interfax) - The board of directors at Eastern Siberian Gas Company (ESGC), owned 50/50 by OJSC TNK-BP and the Irkutsk region, has decided to sell company assets adjoining the infrastructure at the Kovykta gas condensate field to OJSC Gazprom for 9.111 billion rubles, board of directors chairman Viktor Kruglov told Interfax.
"The board confirmed a price of 9.111 billion rubles and scheduled a shareholders meeting for April 12," Kruglov said.
The assets ESGC intends to sell " are inseparable from the Kovykta gas condensate field's infrastructure," he said. ESGC owns more than 100 kilometers of gas pipeline adjoining the field, and gas-transportation infrastructure. In addition to the latter, ESGC has included project documentation in the announced price.
As reported, Gazprom is sticking with its plans to bring Kovykta online in 2017.
Russian Energy Minister Sergei Shmatko said earlier that Kovykta gas could become the primary basis for gas shipments to China.