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Rosneft Agrees Gas Supplies to Fortum Assets in Russia

25 September 2013

Rosneft and Fortum have signed a cooperation agreement on additional gas supplies. The document was signed by Rosneft President and Chairman of the Management Board Igor Sechin and Fortum CEO Alexander Chuvayev.

Under the document signed, by December 10, 2013 the parties will agree terms of the gas supply contract, which envisages that Rosneft will deliver 8.3 billion cubic meters of gas through 2019 inclusively: 4.4 billion cubic meters to Tyumen cogeneration plants and 3.9 billion cubic meters to the Tobolsk cogeneration facility.

Commenting on the agreement, Igor Sechin said: “Monetization of Rosneft gas potential is among the strategic priorities of our Company. The agreement with Fortum is yet another step towards the expansion of the company’s natural gas business, which will facilitate the strengthening of the long-term partnership between Rosneft and Fortum.”

Rosneft Information Division
Tel.: +7 (499) 517 88 97
www.rosneft.com 
September 25, 2013

 

These materials contain statements about future events and expectations that are forward-looking in nature. Any statement in these materials that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements expressed or implied by such forward-looking statements to differ. We assume no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.