Itera to ship 14 bln cubic m of gas to Evraz over 10 years

​The signing of new agreements guarantees the long-term monetization of raw materials extraction by the affiliates of Rosneft.

Itera OGC (affiliate of Rosneft) has signed long-term agreements for gas supply to Evraz NTMK OJSC and Evraz KGOK OJSC.

The agreements presuppose gas supply to the enterprises of Evraz group beginning from Jan 1st 2016 within 10 years at the volume of 14 bln cubic m.

The agreements were signed at the presence of the head of Rosneft, I. Sechin. Today a long-term contract for the supply of almost 3 bln cubic m of gas a year to Evraz was signed in Yekaterinburg. This contract stabilizes the operation of the enterprises and the socio-economic situation will improve, I. Sechin said. The market price suits both the consumers and supplier.

Mr. Sechin said that Novatek also intended for these contracts which participated with its ideas.