Rus News Journal

Eni starts gas in TGK - 9

the Italian concern Eni becomes the first western company delivering gas for the Russian power. He has signed contracts on delivery of fuel of Open Society TGK - 9 since this year. Thus, the concern wants to be prepared for sale of gas which will start to extract in 2010 Arktikgaz and Urengojl bought Eni and Enel at auctions on realisation of actives of YUKOS.
yesterday concern Eni has informed on signing on July, 1st the contract with TGK - 9 on delivery in 2008 - 2009 350 million cubic metre of gas on power station in the Perm edge. As have explained in concern, its affiliated company of Open Company " will be engaged in sale; Eni Energy which becomes the first European player making the transactions on purchase and sale of gas in the Russian market . By 2011 the company expects to sell in Russia of 900 million cubic metre of gas. As has explained a source in Eni, Gas will be bought in home market of Russia, at a stock exchange or not, is not clear yet, but the arrangement with Gazprom on all questions, including transportation of these volumes, it is reached . In Gazprom on this information do not make comments. In Joint-Stock Company KES - Holding (supervises TGK - 9) yesterday have only confirmed that the gas contract with Eni is signed.

the volume which Eni will sell TGK - 9, is very insignificant - it would suffice for a year of work of the power unit capacity nearby 300 MVt. But, by words the press - secretary Eni Eriki Mandraffiny, thanks to the contract with TGK - 9 concern will be consistently to realise exit strategy on the new markets (already works in France, Germany, Belgium and Great Britain. - ) . The source in Eni has explained that the company does not count on superprofits from this contract the next years, however it a step for commercial studying of the market from within for the subsequent realisation of gas of Open Company Northern energy which extraction should begin in 2010 - 2011 and to make 18 mlrd cubic metre, and by 2016 - 28 mlrd cubic metre. In April, 2007 Eni as a part of Open Company consortium Enineftegaz has got gas actives in the course of liquidation of Open Society NK YUKOS which have been transformed subsequently in Northern energy . Interest to the Russian market of gas Eni explains to that it the second for consumption volumes in the world after American, and besides, the government of Russia gradually increases the prices for gas. The concern counts that it will lead to equalising of the prices for gas in Europe and in the internal gas market of Russia during the period with 2011 for 2014 without expenses for transportation and export duties. In Enel have informed that did not co-ordinate with Eni questions trejderstva in Russia.

according to the director of Fund of power development Sergey Pikina, contract Eni directly it is connected with the future work Northern energy and he assumes that the concern has arrangements at the price of prorolling of gas for TGK - 9, otherwise this contract at a loss Eni . He also notices that for energetikov has no value an origin of the supplier of gas, but stability in deliveries is important. Power occurrence of the new trader have supported. According to the head of department of sales electric and thermal energy OGK - 1 Vladimir Palija, that, That one more company has got access to gas-transport system, - a good sign for energetikov . It has reminded that OGK - 1 for a long time works with independent suppliers of gas, among which NOVATEK, Itera and the multinational corporation - VR. Gas deliveries excite also German concern E. On which last year became owner OGK - 4. As has informed a press - secretary E. On Russia Power Denis Litoshik, the concern studies all possibilities for supply by station OGK gas - 4, but has noticed that now gas E. On in the power company does not arrive.