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Monday, February 27, 2006

Gazprom set to finalize Russia's gas industry development plan

RBC, 26.02.2006, Moscow 19:35:11.The drafting of a master plan for gas industry development in Russia is expected to be completed in April 2006. A statement to this effect was made today at Gazprom's Board of Directors meeting, the gas holding's press service reported. Gazprom's management had been instructed to present for the Board of Directors' consideration in May the company's comprehensive gas production, transportation and supply program up to 2020 based on the master plan. The Board of Directors also took into consideration Gazprom's strategy in the sphere of gas production and the holding's comprehensive industrial development of fields on the Yamal peninsula and the surrounding water areas. Gazprom plans to increase its gas output to 550-560bn cubic meters by 2010 and 580-590bn cubic meters by 2020 to provide for the needs of the domestic market and to honor contractual obligations in export gas supplies.

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