Gazprom-Rosneft Partnership.

APS Review Gas Market Trends, December, 2006

Russian state-controlled natural gas monopoly Gazprom and state-controlled oil giant Rosneft on Nov. 28 signed a wide-ranging co-operation deal that calls for new joint ventures to bid for hydrocarbon production licences and other forms of co-ordination. The two companies said in a statement that Gazprom would buy natural gas from Rosneft at levels at least equal to its gas production this year at western Siberian fields which are already connected to Gazprom's pipeline network.

Additional agreements will be necessary for Gazprom to purchase gas from Rosneft's fields beyond that area, the companies said. "In line with agreements reached, Rosneft and Gazprom will develop co-operation in prospecting, producing, transporting and processing crude hydrocarbon...

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