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Wednesday, December 07, 2005

OGK-1, TNK-BP to sign 30-year deal on natural gas supplies

MOSCOW, December 7 (RIA Novosti) - The First Wholesale Generating Company (OGK-1) is set to sign a 30-year deal on guaranteed natural gas supplies with Russian-British joint venture TNK-BP, the OGK-1 general director said Wednesday. Vladimir Khlebnikov said the sides had already agreed on guaranteed natural gas supplies for 15 years. "They [TNK-BP] are agreeing to sign a 15-year contract, but we are planning to sign a 30-year agreement on guaranteed natural gas supplies to OGK-1 in two weeks," he said. OGK-1, founded in March of this year, comprises six state district power plants.

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