Moscow Times
State gas giant Gazprom is making Latin America its new priority market and is increasing its involvement in the region.
In addition to projects in Bolivia and Venezuela, Gazprom is intensifying negotiations with Wintershall to buy into the German company’s Argentine assets, Kommersant reported, citing a source close to the Russian company.
In exchange, Wintershall would receive an option to buy a 25 percent stake in two blocks of the Urengoi gas field, Kommersant reported.
According to a November 2012 agreement, the Russian gas giant is also expected to exchange another 25 percent in the field for stakes in natural gas companies Wingas, WIEH and WIEE, as well as storage space in underground gas storage reservoirs and production facilities in the North Sea.
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The Moscow Times