Thursday 3 October 2013

Oil and Gas Companies Battle for Control of SeverEnergia | Business | The Moscow Times

Oil and Gas Companies Battle for Control of SeverEnergia | Business | The Moscow Times:

"Novatek and Gazprom Neft want to buy Eni's stake in Russian gas company SeverEnergia in a battle that pitches oil and gas barons against state-controlled oil company Rosneft, Kommersant reported Thursday.

The contest for gas resources and markets has come 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.

Sources close to the matter were quoted as saying that the country's No. 2 gas producer Novatek and Gazprom Neft, the oil arm of the country's top gas producer Gazprom, are looking to increase their stakes in SeverEnergia by acquiring the 29.4 percent held by Italian energy group Eni.

That would help the Russian duo to counter the influence of state-owned Rosneft, which last month agreed to purchase Enel's indirect stake in SeverEnergia."

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