Transneft (RTS: TRNF) and Gazprom (RTS: GAZP) are studying the possibility of building a gas pipeline parallel to the East Siberia-Pacific Ocean (ESPO) oil pipeline, Interfax reports.
"Along with Gazprom, we are thoroughly studying the issue of the parallel construction of a gas pipeline. We'll help as much as we can," Transneft President Semyon Vainshtok told journalists in Moscow on Tuesday.
Vainshtok also confirmed that the first phase of the ESPO pipeline is to be completed before the end of 2008.