Shell, Gazprom CEOs Discuss Joint Projects

MOSCOW (Dow Jones Newswires), Apr. 12, 2011

The heads of energy giants Shell and Gazprom met Tuesday in Moscow to discuss potential joint projects in Russia and outside Europe, the Russian company said in a statement.

Peter Voser, chief executive of Shell, and Gazprom CEO Alexei Miller discussed the "implementation of joint projects in western Siberia and in eastern Russia," Gazprom said.

In addition, they talked about possible joint processing and distribution activities in Europe and Russia, as well as Gazprom participating in Shell's exploration and production projects elsewhere, the Russian company said.

Shell and Gazprom signed a memorandum of understanding last year on a global strategic partnership.

The two companies are already partners in the Sakhalin-2 project on Russia's Pacific coast.

Copyright (c) 2011 Dow Jones & Company, Inc.

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