Tuesday 8 September 2015

Gazprom’s North Sea deal faces scrutiny - FT.com

Gazprom’s North Sea deal faces scrutiny - FT.com:



"Ministers are to examine a deal that hands Russia’s Gazprom interests in the UK North Sea, amid calls for Britain to send “a clear message” to Vladimir Putin over Ukraine.



The state-backed energy group’s purchase of a 50 per cent stake in BASF subsidiary Wintershall’s North Sea business, which includes the Wingate gas platform and several offshore UK exploration licences, will be an early test for energy secretary Amber Rudd.



Her Liberal Democrat predecessor Ed Davey, backed by Downing Street, forced Russian billionaire Mikhail Fridman to put a dozen gasfields acquired by his $10bn fund L1 Energy up for sale."



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