Gazprom and LUKoil sign agreement

LUKoil will sell gas produced at the Nakhodkinskoye gas field to Gazprom. In its turn, Gazprom is to pay for gas and pump it through the Russian single system of gas supplies. A corresponding agreement has been signed by Gazprom CEO Alexey Miller and LUKoil President Vaghit Alekperov.

Gaz supplies from this field to the Yamburg compressor station are to start in the fourth quarter of 2005. In 2006 these gas supplies are to amount to about 8bn cubic meters.

The signed document also stipulates prices for these gas supplies.

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