RUSSIA - Gazprom.

APS Review Downstream Trends, August, 2006

The biggest company in Russia and the world's largest exporter of natural gas, Gazprom intends to become a major producer of petrochemicals as well as retain its role as a monopoly on the gas market. This giant is 51% controlled by the state. Now it is to concentrate on rejuvenation of existing plants and securing gas feedstocks, such as LPG. In 1999 it began work on a new petrochemical holding company in partnership with Tobolsk, in western Siberia which has Russia's biggest petrochemical complex.

Among other things, the new company has secured gas feedstocks on long-term basis. The new company controls about 500,000 tons/year of LPG production. Later this will have to be doubled. Most of the LPG will be supplied to the Tobolsk complex.

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