Source Pravda.Ru

Gazprom and Royal Dutch/Shell discuss exchanging Russian assets

The Russian gas monopolist Gazprom and Royal Dutch/Shell are negotiating exchanging some of their Russian assets, Gazprom's Deputy CEO Alexander Ryazanov reported at the 2nd Russian-US energy summit in St. Petersburg today. However, he gave no details.

One accepts the possibility that this is about the Russian holding's participation in the Sakhalin-2 project. Gazprom has long been interested in it but the companies could not agree on the mechanism and principles of Gazprom's participation in the project. The implementation of Sakhalin-2 is connected with receiving $10bn in direct investments. Shell is a shareholder in Sakhalin Energy, the operator of the Sakhalin-2 project. Additionally, the company participates in another Russian project, which is an operator of a number of deposits in Western Siberia.

Analysts believe that Shell could contribute to Gazprom's entering the Sakhalin project in exchange for an opportunity of developing some fields in the Yamal-Nenets Autonomous Area with 735 billion cubic meters in estimated gas reserves.

© &to=http://www.rbcnews.com' target=_blank>RBC

&to=http://www.gazprom.ru' target=_blank>GAZPROM

In an exclusive interview with Pravda.Ru, US filmmaker talks to Edu Montesanti on the presidential elections in the Caribbean country, and its importance to Latin America. "The left will come back in Latin America, more likely sooner than later," says Oliver Stone

Exclusive Interview: Oliver Stone on Venezuelan Election

In an exclusive interview with Pravda.Ru, US filmmaker talks to Edu Montesanti on the presidential elections in the Caribbean country, and its importance to Latin America. "The left will come back in Latin America, more likely sooner than later," says Oliver Stone

Exclusive Interview: Oliver Stone on Venezuelan Election