Reuters AlertNet Lite - Gazprom to pay cash for Sakhalin stake

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Gazprom to pay cash for Sakhalin stake - Ifax

20 Dec 2006 08:06:49 GMT
Source: Reuters

MOSCOW, Dec 20 (Reuters) - Russia's gas monopoly Gazprom <GAZP.MM> will pay cash for a stake in the Royal Dutch Shell-led <RDSa.L> Sakhalin-2 oil and gas project, Interfax quoted deputy energy minister Andrei Demetyev as saying on Wednesday.

Russian officials have said Gazprom was looking to acquire around 50 percent in Sakhalin-2 from Shell and its Japanese partners, Mitsui <8031.T> and Mitsubishi <8058.T>.

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Last updated:Wed Dec 20 08:08:13 2006