A working meeting between Alexei Miller, chairman of the Gazprom Management Committee, and Vagit Alekperov, president of Lukoil, took place in St. Petersburg on October 1, 2020.

The parties discussed current issues of cooperation, including further steps to prepare the development of the Vaneyvisskoye and Layavozhskoye fields.

Gazprom and Lukoil are bound by the General Agreement on Strategic Partnership from 2014 to 2024, under which Lukoil supplies gas to Gazprom’s gas transmission system.

In 2018, Gazprom and Lukoil signed an agreement setting out the parties’ intention to jointly develop the Vaneyvisskoye and Layavozhskoye fields in the Nenets autonomous district.

According to the Ministry of Natural Resources, the Layavozhskoye field contains 9.8 million tons of oil and 140.1 billion cubic meters of natural gas. The reserves at Vaneyvisskoye are estimated at 6.5 million tons of oil and 85.2 billion cubic meters of natural gas.