Gazprom, Air Liquide sign MoU on Siberian helium development

22 January 2013 11:14  [Source: ICIS news]

LONDON (ICIS)--Gazprom has signed a memorandum of understanding (MoU) with France-headquartered industrial gases producer Air Liquide to develop helium projects in eastern Siberia, the Russia-based oil and gas giant said on Tuesday.

The two companies have agreed to consider an alliance on the joint production, transportation, storage and marketing of helium.

The agreement was signed by subsidiary Gazprom Export, which acts as Gazprom’s export arm for natural gases and petroleum products.

“The new helium project in eastern Siberia provides for challenging and innovative solutions in helium production, logistics and marketing. We hope the partnership with Air Liquide would provide [an] effective way of commercialising the vast helium reserves in eastern Siberia,” said Alexander Medvedev, deputy chairman of Gazprom’s management committee and director general of Gazprom Export.

Gazprom’s new helium production facility, near Blagoveshensk, eastern Russia, is scheduled to come onstream in 2018.

By: Tom Brown
+44 208 652 3214

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