Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Thursday, October 3, 2013

Russian oil and gas pair said to eye Eni's stake in SeverEnergia

Russian oil and gas pair said to eye Eni's stake in SeverEnergia 9:59 AM
  • Novatek and Gazprom (OGZPY.PK) reportedly want to buy Eni's (E) 29.4% stake in Russian gas company SeverEnergia, which would help the Russian duo counter the influence of Rosneft (RNFTF.PK), which last month agreed to purchase Enel's indirect stake in SeverEnergia.
  • The contest in Russia for gas resources and markets comes to a head as the government reviews a proposal for a partial lifting of Gazprom's export monopoly for tanker-shipped liquefied natural gas from the start of next year.
  • SeverEnergia owns licenses for nine gas fields in Russia, with proven and probable reserves of 7.3B boe.
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