• Natural Gas News

    Reuters: Gazprom monopoly on pipeline gas exports "unshakeable" - Putin aide

    old

Summary

The monopoly held by state-controlled Gazprom on the right to export Russian gas by pipeline was described as "unshakeable" by an aide to Vladimir Putin

by: Sruthi

Posted in:

Press Notes

Reuters: Gazprom monopoly on pipeline gas exports "unshakeable" - Putin aide

The monopoly held by state-controlled Gazprom on the right to export Russian gas by pipeline was described as "unshakeable" by an aide to President Vladimir Putin on Wednesday.

Gazprom has the sole right to export gas via pipelines and has secured a $400 billion deal to ship gas to China over 30 years. Other companies, including Kremlin-controlled Rosneft , have said they would also like to ship gas eastwards.

Vedomosti newspaper this week quoted an order from Putin as saying the government should consider allowing producers other than Gazprom to export gas from new fields in east Siberia and Russia's far east.

But Kremlin economic adviser Andrei Belousov said Gazprom would retain the exclusive rights for selling gas abroad via pipelines.
MORE