27 November 2007 15:31 [Source: ICIS news]
(Releads, updates and adds further detail throughout)
By Nigel Davis and Sergei Blagov
LONDON (ICIS news)--Dow Chemical is studying a plan to bring gas from ?xml:namespace>
The gas could be brought from Siberia to plants in central
According to the agreement, Gazprom, Sibur and Dow would study the possibilities of joint gas processing projects near the Valanzhinsk gas deposits in Russia's Yamalo-Nenets Autonomous Region, as well as a possible joint venture based at Dow's petrochemical production units in Germany.
The MoI builds on a memorandum of understanding (MoU) signed in May last year between Dow and Gazprom to jointly advance their hydrocarbons capabilities.
“The two companies have identified a list of projects,” a Dow spokesman in
The MoI was seen as a clear step forward in the companies’ joint plans and a firm project was expected to be forthcoming in months rather than years.
The companies would create a joint working group to conduct prefeasibility studies of a possible joint venture and draft an agreement on further feasibility studies, the Gazprom statement said.
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