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Gazprom to pay cash for Sakhalin stake - Ifax
20 Dec 2006 08:06:49 GMT
Source: Reuters

MOSCOW, Dec 20 (Reuters) - Russia's gas monopoly Gazprom <GAZP.MM> will pay cash for a stake in the Royal Dutch Shell-led <RDSa.L> Sakhalin-2 oil and gas project, Interfax quoted deputy energy minister Andrei Demetyev as saying on Wednesday.

Russian officials have said Gazprom was looking to acquire around 50 percent in Sakhalin-2 from Shell and its Japanese partners, Mitsui <8031.T> and Mitsubishi <8058.T>.
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Clouds gather over the avian-flu affected poultry farm at Holton near Halesworth in eastern England February 5, 2007. Russia and Japan banned British poultry imports as Britain moved on Monday to complete a cull of 160,000 turkeys after the nation's first outbreak of a deadly strain of bird flu in farmed poultry. REUTERS / Luke MacGregor (BRITAIN)