Gazprom bid to cut off China gas
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Russia's Gazprom asks the government to cancel an agreement to pipe large quantities of gas to China.
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A top Gazprom official ended weeks of speculation, saying aid that the natural gas company wanted to bid in the auction for Yukos&#39;s main subsidiary, Yuganskneftegaz.
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Russia's state-controlled gas giant Gazprom approved a plan to bid for Yukos' core production unit Wednesday amid reports that the company was negotiating to secure a &#36;13 billion loan from a group of Western banks to support its offer.
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Russian gas export monopoly Gazprom plans to buy around 50 percent of the Shell-led Sakhalin-2 oil and gas project for cash and assets, its chairman, Dmitry Medvedev, said on Tuesday.
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MOSCOW  - The Russian gas giant Gazprom said its board of directors had given its go-ahead for the state-controlled firm to bid for the main production unit of embattled oil group Yukos.
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The nascent petroleum division of natural gas monopoly Gazprom will bid for the top production unit of the battered Yukos oil empire, its chief said Tuesday -- a widely anticipated move that could put the heart of the company into Kremlin-friendly hands.
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Russian gas giant Gazprom pushed ahead with plans to bid for the main production unit of embattled oil group Yukos, a takeover that would create a state-controlled oil and gas behemoth to rival Saudi Arabia's Aramco.
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GAZPROM asserted its status as a major force in Russian oil yesterday by confirming that it would bid for Yuganskneftegaz, the Yukos oil subsidiary.
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ASHGABAT: The Central Asian republic of Turkmenistan said yesterday it had carried out a threat to cut gas supplies to Russia and Ukraine but was ready to turn the pumps back on in return for higher prices.
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Russia promised to sort out Yukos oil deliveries to China ahead of a visit by Chinese Premier Wen Jiabao dominated by the struggling oil major's decision to cut supplies to the energy-hungry Asian giant.
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Gazprom, Russia's gas monopoly, says it will bid in the $8.65bn government sale of the main production arm of embattled oil firm Yukos.
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Gazprom came a step closer to the liquefied natural gas market on Friday, saying Petro-Canada would help in its goal to build plants in Russia and the United States.
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Russia&#39;s Gazprom said on Tuesday it will bid for embattled oil firm YUKOS&#39; main unit next month, as the Kremlin seeks to turn the world&#39;s biggest gas producer into a major oil player.
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Gazpromâs oil arm Gazpromneft is set to take part in the auction for Yuganskneftegaz, Yukosâ main production unit, despite a ruling by a US bankruptcy court to halt the sale for 10 days.
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By Arkady Ostrovsky in Moscow, James Boxell in London and Doug,Cameron in Houston. Gazprom, Russia&#39;s state-backed gas monopoly, could team up with one of the major international oil groups in a bid for the
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British energy group BP said on Friday that it had agreed to sell its stakes in a Siberian gas field and company to Russian gas giant Gazprom for up to 900 million dollars (669 million euros).
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Beijing urged Moscow to pressure embattled oil giant Yukos to honour its commitments to provide China with oil after the company said it was slashing supplies.