OJSC Irkutskenergo concludes a gas supply contract with LLC ITERA Oil and Gas Company
On October 31, 2013, OJSC Irkutskenergo concluded a gas supply contract with LLC ITERA Oil and Gas Company, which produces gas at the Bratsk gas and condensate field. The contract stipulates gas supplies to the existing block-modular boiler house No. 5 and an increase in gas supplies to 18 mln nm3 per year after OJSC Irkutskenergo commissions block-modular boiler house No. 25, with all pricing terms remaining unchanged. The contract will be valid for 10 years. During negotiations with LLC ITERA Oil and Gas Company, mutually beneficial agreements were reached on the reference price for gas and the formula for changing it.
* nm3 means a normal cubic meter measured at a temperature of 0°С and 1 atmosphere of pressure.
Oleg Prichko, CEO of OJSC Irkutskenergo: “The first gas project in the Irkutsk Region, block-modular boiler house No.5 in Bratsk, is very important for Irkutskenergo. To further develop the gas project and control the growth of fuel prices, the gas supplier in Bratsk was changed. A gas supply contract concluded with LLC ITERA Oil and Gas Company enables OJSC Irkutskenergo to reassign the task of heat generation from the electric boiler house to block-modular boiler house No. 5 and, subsequently, to a new and more powerful block-modular boiler house No. 25, which will make it possible to reduce fuel costs associated with heat generation in Bratsk.”
Press service of OJSC EuroSibEnergo
November 01, 2013