• Natural Gas News

    Reuters: Putin mulls end to Gazprom monopoly on pipeline gas sales to China

    old

Summary

The Russian government should consider allowing gas producers other than Gazprom to export gas from new fields in east Siberia and Far East

by: Sruthi

Posted in:

Press Notes

Reuters: Putin mulls end to Gazprom monopoly on pipeline gas sales to China

The Russian government should consider allowing gas producers other than Gazprom to export gas from new fields in east Siberia and Far East, Vedomosti daily newspaper said, citing an order from President Vladimir Putin.

Russia's Gazprom has a monopoly right to export gas via pipelines, clinching a $400 billion deal to ship gas to China over 30 years in May.

Russia's top oil producer Rosneft, led by CEO Igor Sechin, promised to take Gazprom to the court if it refuses to allow other producers to ship gas via the planned 'Power of Siberia' pipeline, which should also bring gas to Russia's remote eastern regions.

Citing an order recently signed by Putin, Vedomosti said that the government should consider opening up exports from eastern gas fields for firms other that Gazprom and their participation in infrastructure construction by September 1.
MORE