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TNK-BP to begin feasibility study for $12 bln Kovykta project

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DALIANG (China) (September 24 - RIA Novosti) - TNK-BP is ready to begin a feasibility study on the Kovykta gas-condensate project, Oleg Rumyantsev, advisor to the TNK-BP president, told a forum of Russian-Chinese interregional cooperation in Daliang.

He said investment in Russia could exceed $12 billion.

A key to developing East Siberian fields is the creation of the Asian energy export corridor from East Siberia to northeast China," he said.

Priority should be given to integrated Sakhalin and East Siberian gas projects," Rumyantsev said.

Proven reserves in the Kovykta fields total more than 2 trillion cubic meters of gas.

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