Monday, 14 January 2008

Gazprom eyes Nigerian gas, offers tech transfer

Gazprom, the massive Russian energy company, is reportedly in talks with Nigerian energy officials with a view to developing the country's vast gas reserves under a possible US$2.5 billion deal, prompting fears in Europe and the West about the company's domination of gas supplies. Says the Russian energy giant: "Africa is one of Gazprom's priorities, as the company made a decision to go global in terms of acquiring assets and developing strategy outside Russia". The company is said to be looking at exploration, gathering, processing, technology transfer, and infrastructure development.

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