News Post
Gazprom, SIBUR partner to create processing complex in Far East
Alexey Miller, chairman of the Gazprom Management Committee, and Dmitry Konov, CEO of SIBUR, have signed a Memorandum of Cooperation regarding a planned gas processing plant and chemical complex in Belogorsk, Amur Region.
According to the document, the parties will join their efforts as part of the potential creation of a complex for processing multicomponent gas from fields of the Yakutia and Irkutsk gas production centers.
Gazprom is planning to construct a gas processing plant, where ethane and other valuable components will be stripped from natural gas, in Belogorsk. The plant will have an annual capacity of up to 60 billion cubic meters.
SIBUR, in its turn, intends to create a gas chemical complex. This complex will be technologically connected with the processing plant for the purpose of processing ethane, obtaining monomers and the subsequent manufacturing of polymers.
The Memorandum outlines general pricing mechanisms for ethane supplies, projects synchronization and a synergetic effect assurance.
“The partnership with SIBUR is a sample model of Gazprom's cooperation with other investors within the Eastern Gas Program: Gazprom creates a resource base and facilities for production, transmission and initial processing, while our partners construct capacities for chemical processing and manufacturing of value added products. The joint activities will result in a considerable economic effect and become an extra incentive for developing Eastern Siberia and the Far East,” said Miller.
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