In August of 2007, JSC Gazpromneft and SIBUR Holding JSC launched a joint venture, Yuzhno-Priobsky GPZ LLC, to process associated petroleum gas from the Yuzhno-Priobsky field, which is being developed by the oil company.
The JV’s founders were the companies’ subsidiaries, Gazpromneft-Khantos LLC and JSC SiburTumenGaz. Each partner has a 50% share in the company’s equity capital. In the near future, the companies will decide on the gas possessing plant’s capacity to process associated petroleum gas.
In December of 2008, Yuzhno-Priobsky GPZ LLC received OAO Gazprom’s official technical specifications to connect to the main-line gas pipeline, Gazosnabzheniya Khanty Mansiysk from the Yuzhno-Priobsky GPZ pipeline.