OREANDA-NEWS. February 04, 2010. The Gazprom Board of Directors meeting has adjourned at the Company’s Headquarters.

The Board of Directors approved the work being done by Gazprom to execute the Development Program for an integrated gas production, transportation and supply system in Eastern Siberia and the Far East, taking into account potential gas exports to China and other Asia-Pacific countries (Eastern Gas Program).

The Board of Directors entrusted the Gazprom Management Committee with the following tasks:
— continue efforts aimed at top-priority projects execution:

– construct the Sakhalin – Khabarovsk – Vladivostok gas transmission system (GTS) and the facilities conveying natural gas from the Sakhalin I and Sakhalin II projects into the GTS;

– Gas Supply to the Kamchatka Oblast, Phase 1 – Gas Supply to Petropavlovsk-Kamchatsky project;
— proceed with acquisition of Kamchatgazprom;
— synchronize commissioning of the Kirinskoye field, the relevant onshore infrastructure creation inclusive, with the project for the Sakhalin – Khabarovsk – Vladivostok GTS construction;
— continue geological exploration at the Kirinsky, Vostochno-Odoptinsky and Ayashsky blocks offshore Sakhalin, the Zapadno-Kamchatsky prospect, as well as in the Krasnoyarsk Krai and Irkutsk Oblast;
— further develop Gazprom’s mineral resource base in the Republic of Sakha (Yakutia), taking into account acquisition of subsurface use licenses for new prospects and preparation of the Chayanda field for hydrocarbons development with due regard to bringing onstream the oil rim in 2014, the gas deposit in 2016 and launching the Yakutia – Khabarovsk – Vladivostok GTS construction in 2012;
— carry out the necessary preliminary and project work to establish the gas chemical and gas processing facilities in Eastern Siberia and the Far East with due consideration to possible cooperation with foreign partners;
— further development of the gas market in eastern Russia;
— continue the efforts aimed at developing the necessary support measures that will secure efficient field development and competitiveness of Eastern Siberian and Far Eastern natural gas and other locally produced goods.

When considering the issue, the Board of Directors underlined that the Sakhalin – Khabarovsk – Vladivostok GTS construction would meet the gas demand expected to increase due to the 2012 APEC summit.

The Board of Directors heard the information on the work being done to raise operating efficiency of Gazprom dobycha Yamburg and optimize (reduce) its costs.