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Gazprom opposes planned Exxon-Rosneft LNG project

  • Gazprom (OGZPY.PK) voices strong opposition to the plans of Rosneft (RNFTF.PK) and Exxon Mobil (XOM) to build a gas liquefaction plant on Russia's Sakhalin Island in the Pacific and is prepared to continue talks on buying and liquefying the gas itself.
  • Gazprom operates Russia's only liquefied natural gas plant, but is facing competition from the planned Rosneft-Exxon plant and Novatek's Yamal LNG.
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