Gazprom Transfers Stake in Italian JV

摘要

Russian state gas giant Gazprom has decided to transfer its 51% interest in joint venture SeverEnergia to oil arm Gazprom Neft and private gas pro- ducer Novatek. The venture, which holds explo- ration and production licenses for four fields in West Siberia, was created in 2007 when Italy's Eni and Enel teamed up to buy assets seized by the Russian government after the breakup of oil giant Yukos. Eni holds 29.4% of SeverEnergia, and Enel has 19.6%.