Home / Knowledge / News / Textiles / Gazprom & SIBUR sign deal for Far East 'Future Project'
Gazprom & SIBUR sign deal for Far East 'Future Project'
02
Nov '13
Alexey Miller, Gazprom’s Chairman of the Management Committee, and Dmitry Konov, SIBUR’s CEO, signed Memorandum of Cooperation in the gas processing project in Far East that envisages construction of a gas processing plant (GPP) and a petrochemical complex in Belogorsk, the Amur Region.

The document outlines the framework for joint efforts of the parties for prospective construction of a large-scale multicomponent gas processing complex. The feedstock is expected to be sourced from natural gas production centers in Yakutia and Irkutsk that Gazprom is developing under the Eastern Gas Programme.

In Belogorsk, Gazprom is considering construction of a GPP of 60 bcm annual capacity that will separate ethane and other gas fractions. SIBUR is considering construction of a petrochemical complex, technologically connected with the GPP, to process ethane and produce monomers and polymers.

The Memorandum lays out general mechanisms for pricing of ethane supplies, coordination of the projects implementation and provision of synergies.

Alexey Miller commented, “One of the priorities of Gazprom’s comprehensive efforts in the East of Russia is to ensure effective and rational utilization of all the valuable components of the eastern fields’ gas.

"Our partnership with SIBUR is an excellent example of Gazprom’s cooperation with other investors in the framework of the Eastern Gas Programme – Gazprom is developing a resource base and constructing upstream and midstream facilities, while our partners are building facilities for petrochemical processing and production of high value-added products. Such cooperation will make significant contribution to economic growth and spur development of the East Siberian and the Far Eastern regions.”

Dmitry Konov commented, “SIBUR is continuously looking for new opportunities to develop its petrochemical business, strengthening its leading positions in Russia and tapping into new target export markets.

"Our partnership with Gazprom will enable to unlock potential of cooperation of upstream and downstream producers to create highly-competitive capacity for deep processing of hydrocarbons into value-added petrochemical products. Implementation of such global-scale projects in new gas producing regions requires careful coordination and detailed planning”.

SIBUR

Must ReadView All

Textiles | On 27th Apr 2017

Maharashtra govt working on second textiles policy

The textiles department of the government of Maharashtra is working...

Apparel/Garments | On 27th Apr 2017

EC takes action to make garment sector more sustainable

The European Commission (EC) has presented a set of focused actions...

Textiles | On 27th Apr 2017

Seven new organisations join ZDHC Programme

The Zero Discharge of Hazardous Chemicals (ZDHC) Programme from...

Interviews View All

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X