Launch ceremony of Kovykta gas field

The recoverable reserves of the Kovykta field amount to 1.8 trillion cubic metres of gas and 65.7 million tonnes of gas condensate; the project's estimated capacity is 27 billion cubic metres of gas per year.

Power of Siberia is a gas pipeline crossing Russia's Irkutsk Region, Republic of Sakha (Yakutia) and the Amur Region. The gas pipeline from Blagoveshchensk to the Chinese border began operation in December 2019; later, an 800-kilometre link between Kovykta and Chayanda was built to connect the Kovykta field with the Power of Siberia pipeline.

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President of RussiaVladimirPutin: Colleagues, friends, good afternoon.

Today we are attending a special and significant event, which will benefit the domestic gas industry and the entire fuel and energy sector, as well as the national economy.

Irkutsk has become a new gas production centre on the map of the country. We are launching a unique gas condensate project, Kovykta, which is the largest gas field in Eastern Siberia. Its recoverable reserves amount to 1.8 trillion cubic metres.

An 800-kilometre pipeline connecting the Kovykta field with Chayanda in Yakutia has been built to transport the natural gas.

This new section has been added to the Power of Siberia gas pipeline, thereby putting into operation the entire length of our most important gas transportation route, which will exceed 3,000 kilometres.

In addition, Kovykta will also produce gas condensate, a highly valuable chemical raw material. A pipeline and railway infrastructure have been put in place to transport it.

I would like to note that the projected capacity of the Kovykta and Chayanda fields is more than 50 billion cubic metres of gas per year. This provides a strong resource base for the Amur Gas Processing Plant, one of the largest and most up-to-date in the world. Its technological facilities will produce ethane, propane, helium and other commodity items that enjoy demand in the chemical industry, in the utilities sector and other industries.

A powerful and strategically important production cluster is being created in eastern Russia. It includes natural gas production, transportation and processing.

Once operational, this new cluster will ensure a reliable supply of gas and gas products to Russian enterprises as well as our foreign partners. It will give a strong impetus to the socioeconomic development of eastern parts of Russia and create highly productive jobs.

We are joined here today by the teams, the specialists who should be credited for developing the Irkutsk gas production centre.

I would like to thank the geologists, engineers, builders, workers and managers for their dedicated work, high professionalism and for the result.

Congratulations on a great, without exaggeration, a landmark achievement. Wishing you every success in your further work.

It is my pleasure to give the floor to Alexei Miller.

Mr Miller, please.

To be continued.

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