INTERNATIONAL OIL DEVELOPMENTS - - - SOVIETS RAISE DEMANDS ON LNG PROJECTS (CIA

Created: 12/14/1973

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SOVIETS RAISE DEMANDS ON LNG PROJECTS

The USSR has escalated its demands in recent negotiations with US firmsossible multi-billion dollar project for delivery of liquefied natural gas from Yakutsk to the US West Coast. The Soviets requested the following:

ncrease in. price of the gas,er thousand cubic feet, with provision for subsequent annual increases.

A maximum Soviet down-payment, theo be financed by loans from the US Export-Import Bank and other US sources at an average interest rate of no more.

Provision of three complete plants to produce large-diameter linepipc, valves, and pipeline construction equipment.

Soviet ownership of one-half of the LNG tanker fleet, an arrangement previously ruled out by the United States.

Additional funds for exploration and full equipping of gas wells.

Similar demands have been submitted lo US firms rvegofia(inKfoi(!eliverv of gas from Western Siberia to the US East Coast. (cWPWRfflAL^

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