USD 63.6336

-0.13

EUR 70.9196

-0.25

BRENT 59.48

-0.12

AI-92 42.28

0

AI-95 46.05

+0.01

AI-98 51.7

-0.05

Diesel 46.26

+0.01

29

Gazprom Obtains 50% Stake in Massive Gas Project

Gazprom officially confirmed its intention to obtain a 50-percent share in Sakhalin-2 yesterday

Gazprom officially confirmed its intention to obtain a 50-percent share in Sakhalin-2 yesterday, Russia's business daily Kommersant reported.

Chairman of the board of directors of the monopoly Dmitry Medvedev indicated that the company expects a discount from the current participants in the project.

Mitsui representatives stated yesterday that the company is not opposed to Gazprom's becoming the main shareholder in the project and that neither it nor Mitsubishi are participating in the negotiations. Mitsui and Mitsubishi now hold 25 and 20 percent in the project respectively, and Shell holds 55 percent.