Gazprom Seeks Equity or Capacity at Shell’s North American LNG Terminals
Posted on Sep 21, 2006 in Liquefaction, Markets and Competition, Regas Terminals & Capacity | Comments Off on Gazprom Seeks Equity or Capacity at Shell’s North American LNG Terminals
Citing sources with inside knowledge, Dow Jones Newswires reports that Gazprom is seeking equity or regasification capacity at Shell’s North American LNG terminals to supplement an asset swap agreement made last year by both parties; the request coincides with a Russian regulatory decision forcing Shell to postpone work on Sakhalin-2. Under the existing agreement, Gazprom would swap 50% of its Arctic Zapolyarnoye gas reserve for 25% of Sakhalin Energy Ltd., of which Shell owns 55%. The Dow Jones article is carried via LexisNexis. [Subscription required]