Report: Rosneft Offered Exchange Deal over Gas Assets

Reuters

MOSCOW, Dec 20 (Reuters) – Russian companies Novatek and Gazprom Neft have offered Kremlin-controlled oil producer Rosneft an exit from their joint venture in exchange for a stake in a natural gas firm, Vedomosti daily reported on Friday.
    
Vedomosti, citing sources at Novatek, said the companies offered Rosneft a deal to sell its stake in SeverEnergia in exchange for a share in Sibneftegaz, another gas producing asset.

All companies involved declined to comment.

Potentially one of Russia's largest part foreign-owned gas projects, SeverEnergia is expected to produce 36 billion cubic metres of gas and liquids by 2017. Sibneftegaz has gas reserves of almost 170 bcm.

Rosneft has recently bought into SeverEnergia by acquiring a stake of Italy's Enel for $1.8 billion, while Novatek and Gazprom Neft have agreed to acquire Eni's share for $2.94 billion. 

(Reporting by Vladimir Soldatkin; Editing by David Holmes)

Copyright 2017 Thomson Reuters. Click for Restrictions.

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE



Most Popular Articles

From the Career Center
Jobs that may interest you
Director Downhole Tool Engineering
Expertise: Electrical Engineering|Engineering Manager|MWD / LWD
Location: Houston, TX
 
Senior Land Professional Job
Expertise: Landman|Lease Analyst
Location: Oklahoma City, OK
 
Surface Land Professional Job
Expertise: Landman|Lease Analyst
Location: San Antonio, TX
 
search for more jobs

Brent Crude Oil : $51.46/BBL 4.63%
Light Crude Oil : $48.9/BBL 4.78%
Natural Gas : $3.18/MMBtu 0.90%
Updated in last 24 hours