Gazprom has entered into a cooperation agreement and gasification deal with the Altai Republic.
Under the agreement, the Altai Republican government will assist Gazprom in coordinating the implementation of a development program for an integrated gas production, transmission and supply system in Eastern Siberia and the Far East, taking into account potential gas exports to China and other Asia Pacific countries. The government will also assist the Russian gas major in creating a favorable investment and taxation environment, Gazprom has revealed.
Gazprom will implement projects to promote gas supply to and gasification of the region, and secure reliable natural gas deliveries to regional consumers in the contracted amount.
The two parties will develop an investment project for the gasification of the region, including a feasibility study, general gasification scheme and viability construction report for gas supply facilities based on a comprehensive approach to gas utilization.
Under the agreement, Gazprom and the Republic also agreed to develop regional programs covering energy-saving measures as well as conversion of motor vehicles and agricultural equipment to compressed and liquefied gas.