Gazprom and Kazakhstan ink new gas pipeline memorandum

Gazprom and Kazakhstan signed a memorandum on implementing the construction project for a new trunk gas pipeline from Russia to Kazakhstan, the Russian gas holding's press service said.

The signing was held during the meeting between CEO of Gazprom Alexei Miller and First Vice-Premier of Kazakhstan Roman Sklyar.

"The memorandum was signed on implementation of the construction project for the new trunk gas pipeline from Russia to Kazakhstan," the statement reads.

The parties also signed a term sheet on long-term development of Kazakh gas in Russia. The paper sets forth agreements on cooperation in processing gas of the Karachaganak Field at facilities of the Orenburg Gas Processing Plant that will be upgraded.