ABC Money
Home

Gazprom completes deal to enter Sakhalin II gas project


Published : Wed, 18 Apr 2007 17:12
By : Agencies
Print this Story

AddThis Social Bookmark Button

LONDON (Thomson Financial) - Gazprom has completed the deal to purchase a 50 pct stake in the Sakhalin II gas project in eastern Russia from its shareholders, which comprise Royal Dutch Shell PLC and Japan's Mitsui & Co and Mitsubishi Corp.

Under the agreement, which was signed in December last year, the Russian oil giant Gazprom has paid 7.45 bln usd in cash to get a stake of 50 pct plus one share in the 20 bln usd project.

The transaction has halved the holdings of the Sakhalin-2 shareholders to 27.5 pct for Shell, Mitsui & Co Ltd to 12.5 pct, and Mitsubishi Corp to 10 pct.

TFN.newsdesk@thomson.com

mr/tc

COPYRIGHT

Copyright AFX News Limited 2007. All rights reserved.

The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.

Share on


 You Might Like
Gazprom to seek loan from EBRD to finance Sakhalin-2 - reports
Gazprom to seek tie-up in Sakhalin 1 energy project - report
+
Gazprom gets final green light to join Sakhalin-2 project
Shell says still finalising Sakhalin-2 deal with Gazprom

Comment on this Article
Comment:
Title:
Name:
Please Enter
 
Here
  

 Search News

 Look For
Business
Credit cards
Finance
Loans
Money
Mortgages

 
 Stock Quotes *
SYMBOL
LAST
CHANGE
DOW JONES
8769.70
-245.40 ( -2.73 %)
NASDAQ
1599.06
-53.32 ( -3.29 %)
FTSE 100
4507.51
-131.41 ( -2.83 %)

SYMBOL ( 2009-01-07 )
LAST
CHANGE
3I GROUP ( 11:35am )
362.50
+20.25 ( 5.97 %)
NORTHERN ROCK ( 11:35am )
182.00
+19.04 ( 11.20 %)
HAMMERSON ( 11:35am )
613.00
+16.50 ( 2.75 %)
PERSIMMON PLC ( 11:35am )
279.75
+15.50 ( 5.92 %)
GLAXOSMITHKLINE ( 11:35am )
1282.00
+12.00 ( 0.94 %)

SYMBOL ( 2009-01-07 )
LAST
CHANGE
VERIZON COMMUNICATIONS INC ( 4:00pm )
31.90
+0.40 ( 1.26 %)
COCA COLA CO ( 4:00pm )
44.93
+0.22 ( 0.50 %)
GENERAL MOTORS ( 4:00pm )
4.13
+0.19 ( 4.74 %)
ALTRIA GROUP INC ( 4:02pm )
15.09
-0.06 ( -0.40 %)
AMERICAN INTERNATIONAL GROUP INC ( 4:04pm )
1.64
-0.10 ( -5.81 %)

SYMBOL ( 2009-01-07 )
LAST
CHANGE
MITSUI & CO LTD ( 3:59pm )
220.00
+10.00 ( 4.83 %)
COMM BANCORP INC ( 9:30am )
39.48
+4.47 ( 11.32 %)
CRUCELL NV ADS ( 3:47pm )
20.50
+4.43 ( 27.95 %)
ISRAMCO INC ( 1:42pm )
31.25
+4.39 ( 14.49 %)
NETSCOUT SYSTEMS I ( 4:00pm )
13.29
+3.05 ( 24.74 %)

Gainers & Losers
Dow Jones
Euro Stoxx 50
FTSE 100
FTSE 250
FTSE AIM
FTSE ALL
Nasdaq

 Portfolio Manager

You must log in to access this area of the site. If you are not a registered user click here to sign up for instant access!

 Finance Explained

Money making ideas

Save money
Money management
Savings accounts
Investing money
Share dealing
Stock broker
Forex currency trading
Pension plans
Functions of Money

(c) 2007 ABCmoney.co.uk, All Rights Reserved
*ABCMoney.co.uk does not guarantee the accuracy of any share prices or stock quotations displayed. These are not real time quotes; all are delayed by at least twenty minutes and are for information purposes only.