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Gazprom Presented with 1/3 of Nation’s Gas Reserve
Before Dmitry Medvedev’s inauguration, Russia’s gas monopoly Gazprom had received a generous farewell gift from him. With no tender whatsoever, the monopoly obtained a third of gas fields of the federal reserve with the total resources of nearly 4 trillion cu meters. Gazprom’s wealth will step up by 13 percent as a result of that present.
It emerged that Russia’s ex-PM Viktor Zubkov, who is the first vice premier today, sealed a ruling on transferring to Gazprom nine fields from the federal reserve on the last day in the PM office, i.e. on May 6. Without no tender held to the effect, the monopoly obtained six fields in Yamal-Nenets Autonomous District, two fields on the shelf of the Kara Sea and Kirinsk block on the shelf of the Sea of Okhotsk. The overall resources of the fields are estimated at 3.8 trillion cu meters, while today’s stockpile of Gazprom equals 29.1 trillion cu meters.
Of interest is that, Gazprom was granted Chayanda field with reserves of 1.3 trillion cu meters without any tender in April.
It was Russia’s Industry and Energy Ministry that had lobbied the transfer of a third of the nation’s gas reserve to Gazprom. This ministry split into Industry Ministry and Energy Ministry in Putin’s cabinet, and representatives of neither of them commented on the issue yesterday.
The new acquisition of Russia’s gas monopoly failed to particularly inspire investors. Gazprom grew 2.52 on RTS vs. the index growth of 2.84 percent and gained 2.8 percent on MICEX, where the index increased by 3.5 percent.
www.kommersant.com
All the Article in Russian as of May 15, 2008
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