KOZMINO, Russia Dec 28 Russia's Gazprom (GAZP.MM) expects to wrap up a deal on gas supplies from the ExxonMobil (XOM.N)-led Sakhalin-1 project next year, Gazprom's deputy head told reporters on Monday.
The Russian energy giant has said it needs gas from Sakhalin-1 to feed industrial growth in the Far East.
"I think we will come to an agreement in 2010," Alexander Ananenkov said on the fringes of a ceremony to mark the launch of Russia's new Pacific oil terminal that will allow the world's largest energy producer to service Asian markets. [ID:nLDE5BR00F]
ExxonMobil has said it is studying all options for selling gas from Sakhalin-1, which is owned by a consortium that also includes Russian oil firm Rosneft (ROSN.MM), Japan's Itochu (8001.T) and Marubeni (8002.T) and India's ONGC (ONGC.BO).
Ananenkov said Gazprom wants to buy up to 8 billion cubic metres (bcm) of gas annually from the second stage of Sakhalin-1 development.
He also said the firm will increase estimated gas reserves at Kirinsky field, which is a part of Sakhalin-3 project, to 100 bcm from the current 75.4 bcm estimate. Gazprom is set to commission the field in 2014. (Reporting by Gleb Bryanski; writing by Vladimir Soldatkin; editing by Chris Pizzey)
Our top photos from the last 24 hours.