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RosBusinessConsulting (Russia): Gazprom to complete asset swap talks with Shell soon

RBC, 30.05.2006, St. Petersburg 19:14:02.Gazprom plans to complete asset swap talks with Shell within the terms of the Sakhalin-2 project by July 1, 2006, Gazpromexport’s (Gazprom’s fully owned subsidiary) Deputy General Director Sergei Yemelyanov said in St. Petersburg today.

As reported earlier, Gazprom and Royal Dutch/Shell signed a memorandum of understanding to swap assets within the terms of Zapolyarnoye-Neocomian field and Sakhalin-2 projects, according to which Gazprom would secure a 25-percent stake plus 1 share in the Sakhalin-2 project, and Shell would get a 50-percent stake in the Zapolyarnoye-Neocomian project.

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