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Gazprom and Rosneftegaz signed deal


Published Apr 11, 2013
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Zaton gas distribution station; Gazprom Transgaz Ufa

Gazprom and Rosneftegaz signed a purchase and sale agreement for Rosneftegaz-owned shares in 72 gas distribution companies (GDC).

The deal is concluded pursuant to the Russian Government's Directive of November 13, 2010. The deal is worth RUB 25,861,590,218.

The acquisition of GDC shares is part of Gazprom's consistent efforts aimed at consolidating gas distribution assets as well as streamlining the business processes in this sector. The main objective of these efforts is to provide the reliability and security of gas distribution systems and increase the economic efficiency of the gas distribution business.

Tags: Gazprom




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