Russ Oil-Gas

RBC, 04.09.2007, Moscow 14:12:07.Gas produced during the Sakhalin-1 project will be the only source of natural gas to meet the demands of the Khabarovsk, Primorsky and Sakhalin regions, as well as the Jewish Autonomous District in the mid term until at least 2015, according to a Gazprom report released during today's Sakhalin Oil and Gas Conference 2007 held in Yuzhno-Sakhalinsk. The report also mentioned that the Far East's gas demand was likely to rise until 2013 due to the recently launched government program of social and economic development of the Far East and Transbaikalia. In this connection, the report suggested measures for sustained development of stable gas supply to the Russian Far East, considering the potential of the Sakhalin-1 project and emphasizing the pressing need for the development of the general plan of gas supply and gas service in the Sakhalin region. Gazprom also noted in the report that development of Sakhalin's own resources and construction of a gas pipeline system was one of the most important objectives in the gas holding's activity. In order to implement investment projects in the Far East, Gazprom established the Gazprom Invest Vostok sponsoring company. investment projects in the Far East, Gazprom established the Gazprom Invest Vostok sponsoring company.