The Gazprom Headquarters hosted today a working meeting between Alexander Ananenkov, Acting Chairman of the Gazprom Management Committee and Vyacheslav Shtyrov, President of the Republic of Sakha (Yakutia).

The parties discussed the implementation of the Agreement of Cooperation between Gazprom and the Republic of Sakha (Yakutia). Special attention was paid to the prospects of the Chayanda oil and gas condensate field development.

Background:

The Agreement of Cooperation between Gazprom and the Republic of Sakha (Yakutia) was signed in July 2007. In July 2008, the parties signed a five-year Accord on Gasification of the Republic of Sakha (Yakutia).

The Chayanda oil and gas condensate field is located in the Lensky district of the Republic of Sakha (Yakutia). The C1+C2 reserves of the field account for 1.24 tcm of gas and 68.4 mln t of oil and condensate.

The Chayanda field is included in the List of gas fields representing strategic importance for gas supply to the Russian Federation and having the status of a federal site, which was approved by the Russian Federation Government Directive # 1707-r of November 28, 2007.

In accordance with the Russian Federation Government Directive # 493-r of April 16, 2008, the license for the Chayanda oil and gas condensate field will be granted to Gazprom.