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Monday, July 03, 2006

Gazprom soon to decide on attractive energy projects

RBC, 30.06.2006, Moscow 18:29:46.In the near future Gazprom will determine which attractive energy assets it will develop jointly with RAO UES of Russia, the company's CEO Alexei Miller told a press conference today. At present priority energy projects are being determined and the strategy for Gazprom's participation in the projects is being developed. Miller stressed that one of the assets was already clear. Gazprom intends to acquire the additional share issue of Mosenergo. However, commenting on Gazprom's participation in additional share issues of other companies, Miller did not specify exactly which companies attracted the gas holding. "The decision on which assets are attractive will depend on the export gas release," he said.

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