Gazprom, Sibur, Dow sign gas processing deal

27 November 2007 10:21  [Source: ICIS news]

MOSCOW (ICIS news)--Gazprom, Sibur and Dow Chemical have signed a memorandum of intentions on natural gas processing, the Russian gas giant said in a statement on Tuesday.

 

According to the agreement, Gazprom, Sibur and Dow would study possibilities of joint gas processing projects at Valanzhinsk gas deposits in Russia's Yamalo-Nenets Autonomous Region.

 

They would also look into a possible joint venture based at Dow's new petrochemical production units in Germany.

 

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 statement said.

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Author: Sergei Blagov
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