OREANDA-NEWS. In the town of Uralsk (Republic of Kazakhstan), Alexey Miller, Chairman of the OAO Gazprom Management Committee and Makhambet Batyrbayev, Vice President of JSC NC KazMunayGas have entered into an Agreement on the terms of gas transmission and supply to Kazakhstan, on a mutual deliveries basis inclusive.

In September 2006, the Gazprom Board of Directors approved setting up on a par with KazMunayGas a Russia-Kazakhstan joint venture based on the processing capacities of the Orenburg Gas Processing Plant.

The new joint venture will process hydrocarbon resources of the Orenburg Oblast and Karachaganak field on a processing fee basis. Creating the joint venture on the platform of the Orenburg GPP and boosting Karachaganak gas processing volumes will help ensure, given the heavier composition of feedstock at the field, the full loading of all existing and new upgraded capacities in the long term.

The maximum processing amount (30.6 bcm including 15 bcm of gas from the Karachaganak field) will be reached in 2012.