27% of gas reserves and 17% of oil reserves in the Asia-Pacific region are concentrated in the Russian Far East, and the level of development of known oil and gas deposits is extremely low and does not exceed 12%. In 2016, 25.5 million tonnes of oil and 26.7 billion cubic metres of gas were extracted in the region, the majority of which was exported in its raw state. The state has expressed its interest in plans for the deep processing of hydrocarbons in the Russian Far East. A number of Russian companies have announced the launch of major projects relating to the chemical utilization of oil and gas in Russia, including the construction of the Amur Gas Processing Plant, the Amur Gas Chemical Complex, and the Far Eastern Petrochemical Complex. The appearance of such projects fulfils preconditions for the creation of full-scale gas- and petrochemical clusters, which will be able to accommodate dozens of processing facilities. What is the existing potential for the production and consumption of the products of gas- and petrochemical companies in Russia and the Asia-Pacific region? Is the Russian Far East a competitive location for the development of the gas and petrochemical industry? Are Gazprom and Rosneft well positioned to create full-scale chemical clusters in the Russian Far East? What gas and petrochemical facilities are the most attractive for localization in the Russian Far East from financial and market perspectives? How can the formation of new value chains in the Russian Far Eastern gas and petrochemical industry be initiated?