Gazprom Opposes Foreign Involvement In Subsoil Devt - Report

Russian natural gas monopoly OAO Gazprom (GAZP.RS) opposes foreign participation in the development of Russian subsoil resources, Interfax reported Wednesday, quoting the deputy head of the company Alexander Ananenkov.

Russian Natural resources minister Yuri Trutnev said December that the latest draft of the country's new subsoil law permits foreign companies' participation in developing strategic oil and gas fields if the government approves it.

Ananenkov said the company didn't want a repeat of what had happened with Sakhalin-1 and Sakhalin-2 natural gas projects, where foreign license holders planned to export gas which should be for domestic supply.


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