According to information revealed by the company, the 2200 km long pipeline has a total cost of 989,8 billion RUB (25 billion EUR). In 2010, the company invested 110 billion RUB in the project, while a total of 141 billion RUB will be invested in 2011, newspaper Kommersant reports. The pipeline stretches westwards to Ukhta in the Komi Republic, where it connects with the rest of the Russian pipeline grid.
The Bovanenkovo field, the biggest in the gas-rich Yamal Peninsula, is planned put into production late 2012.
Read also: Yamal to fuel Northwest Russia
Although the Yamal investments are put on top of Gazprom’s priority list, the company has still chosen to channel parts of its Yamal money to another grand infrastructure project. According to Kommersant, Gazprom has from 2009 given even bigger priority to the Sakhalin-Khabarovsk-Vladivostok pipeline project, which from 2012 will supply gas to China. The Sakhalin-Khabarovsk-Vladivostok pipeline has a project cost of 467 billion RUB (11,7 billion EUR).
In Yamal, Gazprom has invested major money also in other regional infrastructure projects. A new railway is linking the Bovanekovo field with other rail infrastructure, and the first part of a new local airport for helicopter traffic was recently opened, the company informed.
Gazprom is also in the start process of developing several other fields in the gas-rich region, among them the Kharasaveyskoye and Kruzenshternskoye projects.
