Home Facts industry

Gazprom to control Russia's new gas firm -paper

Gazprom to control Russia's new gas firm -paper

Write: Braxton [2011-05-20]
MOSCOW, Feb 25 - Russia's Gazprom (GAZP.MM) might control a new gas company to be created out of three already existing firms, the daily Kommersant reported on Thursday.

Gazprom would have a 51 percent stake in the company, while the rest would be split between independent gas producer Itera and Russian businessman Farkhad Akhmedov, the daily reported.

The company's annual gas production would match that of Russia's Novatek (NVTK.MM), and would be established on the basis of Sibneftegaz, Purgaz and Nortgaz companies.