Joint venture to develop Russian LNG project

Eric Watkins
Senior Correspondent

LOS ANGELES, Feb. 17 -- Repsol YPF SA plans to form a joint venture with Tambeineftegaz and Anadarko Petroleum Corp. to conduct an integrated LNG project in Russia's Yamal Peninsula.

The project, which includes development of South Tambey gas field and construction of an LNG plant, will permit the transport of LNG to Repsol YPF's Canaport facility for regasification and eventual sale to the US East Coast.

Irving Oil Ltd. and Repsol YPF entered into definitive agreements in June 2005 to develop a LNG import and regasification terminal in Saint John, NB (OGJ Online, June 7, 2005).

Contact Eric Watkins at hippalus@yahoo.com.

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