Gazprom Neft, Novatek in talks to buy Enel's stake in SeverEnergia
BY OLGA RAZUMOVSKAYA
MOSCOW -- Gazprom Neft and Novatek are also in talks to buy Enel's stake in Russian natural gas producer SeverEnergia, a major shareholder in Novatek told reporters, Prime news agency reports.
"Novatek and Gazprom Neft are holding negotiations to buy out Enel's stake, at least as of yesterday they were," Gennady Timchenko was quoted as saying.
Rosneft agreed to buy Enel's stake in SeverEnergia for $1.8 billion, in an attempt to boost its gas output.
Rosneft spokeswoman told Dow Jones Newswires that the deal is "legally binding" and an Enel spokesperson wasn't immediately available for comment.
While the agreement is still "subject to regulatory and other approvals" according to Rosneft, should it be given a green light, it will allow Rosneft to buy a 19.6% stake in SeverEnergia by purchasing Enel's 40% stake in a joint venture with Eni. Gazprom Neft, the oil arm of state gas firm Gazprom, and Novatek hold 51% of SeverEnergia, which holds licenses on the Yamal peninsula in Russia's Arctic.
Mr. Timchenko said that Novatek and Gazprom Neft have been holding talks about the share for a while.
Dow Jones Newswires