News

22 January 2013

Gazprom Export and Air Liquide sign Memorandum of Understanding to develop Helium projects in Eastern Siberia

Moscow, Russian Federation – Alexander Medvedev, Deputy Chairman of the Management Committee of Gazprom JSC and Director General of Gazprom Export LLC, and François Darchis, Senior Vice-President and member of Air Liquide’s Executive Committee have finalized the signature of a Memorandum of Understanding (MOU) facilitating the potential future cooperation in the course of Gazprom’s Helium Project implementation in Eastern Siberia.

According to terms of the MOU, Air Liquide and Gazprom Export intend to study forms of strategic cooperation such as joint production, transportation, storage and marketing of helium within the Helium Project framework.

“The new Helium project in the Eastern Siberia provides for challenging and innovative solutions in the Helium production, logistics and marketing. We hope the partnership with Air Liquide would provide the effective way of commercializing the vast Helium reserves in the Eastern Siberia ”, said Alexander Medvedev.

According to François Darchis, Senior Vice-President and member of Air Liquide’s Executive Committee, “In order to better serve its customers in the helium business worldwide, Air Liquide will bring its technological expertise and leadership to this new partnership with Gazprom as it always does with strategic partners.“

On October 30th, Gazprom had adopted the final investment decision on pre-development of the Chayandinskoye field being of top priority for the Yakutia gas production center. Gazprom will build up a gas pipeline from Yakutia to Vladivostok via Khabarovsk in order to transport gas produced from the Chayandinskoye field, thus triggering large-scale gas processing development in Eastern Russia. A new helium production facility in the vicinity of Blagoveshensk is tentatively scheduled to commence production of liquid helium around 2018, commensurate with the extraction of natural gas from the new field.

Background

About Gazprom Export
Gazprom Export — a 100% subsidiary of OAO Gazprom, acts as the export arm of Gazprom for natural gas but also for oil, petroleum products, gas condensate, sulphur, liquefied hydrocarbon gases and other petroleum and petrochemical products. Gazprom Export supplies “blue fuel” to more than 20 countries. Its major partners are companies from Germany, Turkey, Italy, France and Poland.
The company carries out marketing of gas in new markets, optimizes export flows, and analyses and forecasts the natural gas market trends. Participates in the development and implementation of Gazprom’s gas and energy investment projects in Russia and abroad. In 2011, purchased for Gazprom’s portfolio 27.5 billion cubic meters of gas from Turkmenistan, Uzbekistan, Kazakhstan and Azerbaijan.
Gazprom Export is one of the most successful and advanced Russian companies. The size of Gazprom Export’s export earnings largely fills in Russia’s budget revenues. In 2011, the volume of natural gas exports to far-abroad countries amounted to 150.0 billion cubic meters.
For more information, see Gazprom Export online at www.gazpromexport.com

About Air Liquide
Air Liquide is the world leader in gases for industry, health and the environment, and is present in 80 countries with 46,200 employees. Oxygen, nitrogen, hydrogen and rare gases have been at the core of Air Liquide’s activities since its creation in 1902. Using these molecules, Air Liquide continuously reinvents its business, anticipating the needs of current and future markets. The Group innovates to enable progress, to achieve dynamic growth and a consistent performance.
Air Liquide explores the best that air can offer to preserve life, staying true to its sustainable development approach. In 2011, the Group’s revenues amounted to €14.5 billion, of which more than 80% were generated outside France. Air Liquide is listed on the Paris Euronext stock exchange (compartment A) and is a member of the CAC 40 and Dow Jones Euro Stoxx 50 indexes.
For more information, see Air Liquide online at www.airliquide.com

 

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