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9

Gazprom Ponders Selling Energy Assets In Siberia

Gazprom, which has not been able to agree with Siberian Coal Energy Company, SUEK, on a merger of their energy assets...

Gazprom, which has not been able to agree with Siberian Coal Energy Company (SUEK) on a merger of their energy assets, is planning to sell its stakes in TGK-12 (5.16 percent) and TGK-13 (5.99 percent), the RBC Daily newspaper reported today.

However, SUEK insists that it has not held any talks on the sale of the companies. Gazprom notes that the final decision on the matter will be made after RAO UES restructuring has been completed. Analysts believe that the sale of Gazprom's stakes in TGK-12, TGK-13, OGK-5 and TGK-5 may be a logical step, as they are currently worth $373m that can be spent on the development of the energy holding's strategic assets, such as Mosenergo, TGK-1, OGK-2 and OGK-6.