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Interfax: Gazprom to buy Sakhalin-2 stake for cash – deputy minister

Dec 20 2006 11:22AM

MOSCOW. Dec 20 (Interfax) – Gazprom will enter the Sakhalin-2 hydrocarbons project not via an asset swap but it will buy into the project, Deputy Russian Industry and Energy Minister Andrei Dementyev told reporters.

Asked how the gas company might enter the project, Dementyev said: “It will buy [the stake] for cash.”

He said Russian Industry and Energy Minister Viktor Khristenko was due to meet with Sakhalin-2 shareholders at the end of this week. “[The meeting] will take place either on Thursday or on Friday,” he said. 
 

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