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Russian gas giant plans MAJOR deal with ExxonMobil
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Monday, August 03, 2009
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From Newsmax:

Russian gas export monopoly Gazprom hopes this year to agree with U.S. energy major ExxonMobil Corp over gas supplies to a new far eastern pipeline, a senior Gazprom executive said on Friday.

Russia needs gas from the ExxonMobil-led Sakhalin-1 project to feed industrial growth in its Far East, a point emphasized by Prime Minister Vladimir Putin at a ceremony to launch welding of a major trunk pipeline that will run to the port of Vladivostok.

"We will hold negotiations (with ExxonMobil). We hope to conclude them this year," Gazprom Deputy Chief Executive Alexander Ananenkov told Reuters in an interview.

Read full article...

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Topics: Russia | Energy | Commodities
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