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Gazprom cool over foreign investment in Arctic gas

Clipped to the Drawing Board by Ali Hamoud  

Hopes that Gazprom might open up the Yamal Peninsula to foreign oil companies appeared to be dashed yesterday when the Russian utility’s deputy chief executive gave a cool response to the notion of further investments by international oil companies in Russia’s gas-rich Arctic regions.

Alexander Medvedev, who heads Gazprom’s export business, spoke of “psychological barriers” to further investment by foreign oil companies and said that he had not received any interesting proposals from the Western majors.

....click the link to read more

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Thursday 29 November, 2007 08:05 AM
 
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