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Gazprom seeks stake in Eni' s Mozambique gas assets

MOSCOW -- Gazprom has been in discussions to acquire a stake in Eni’s Mozambique assets, Bloomberg News reported on its website.

Eni has discovered 75 Tcf of gas in offshore fields in Mozambique' s Area 4, according to the report, and Gazprom is "interested in the asset" the report cited a spokesman as saying. The size of the stake hasn' t been decided on and negotiations may not end in a deal, the sources said in the report. Eni declined comment, the report added.

Russian President Vladimir Putin is planning to meet Mozambican President Armando Guebuza at a summit in South Africa next week to hold talks on investment in Mozambique' s energy industry, Bloomberg News cited its sources as saying. Rosneft is also interested in participating in projects, the report added.

Mr. Putin' s spokesman declined comment, the report said.

Dow Jones Newswires

03/20/2013

 

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