MOSCOW, April 23 (RIA Novosti) - Gazprom and
Germany's E.ON could sign a deal for the German company to join
the development of northwest Siberia's Yuzhno-Russkoye oil and
gas field as early as the summer, the E.ON head said on
Thursday.
"We hope that it [the deal] will be closed in the second
half of the year, possibly in summer," Wulf Bernotat said in an
interview with business daily Vedomosti.
Under the asset swap deal, signed in St. Petersburg late
in 2008 in the presence of German Chancellor Angela Merkel and
Russian President Dmitry Medvedev, E.ON, the world's largest
utility company, will receive 25% minus one share in Gazprom
subsidiary Severneftegazprom, while the Russian energy giant
will get a 49% stake in E.ON's ZAO Gerosgaz, which holds a
2.93% interest in Gazprom.
Severneftegazprom holds a license for the Yuzhno-Russkoye
oil and gas deposit, which has recoverable reserves of 800
billion cubic meters of gas and 5.7 million metric tons (41.7
million barrels) of oil.
Gerosgaz, founded in 1999, is a joint stock company in
which Gazprom Export holds 51% interest, and E.ON Ruhrgas AG
has 49%.
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