Rosneft says Gazprom plan to monopolize China pipeline is illegal

Gazprom’s (OGZPY) plan to monopolize a pipeline to be built as part of Russia's $400B deal to supply gas to China is illegal, rival Rosneft (RNFTF) says in a statement on its website.

“Gazprom, being an infrastructure monopoly, is obliged to guarantee independent producers access to the transport system," Rosneft says, adding that it will seek access to the network through corporate negotiations and regulatory authorities.

Gazprom plans to use only its own gas to fill the pipeline and for its contract with China, while Rosneft says it could contribute at least 40B cubic meters/year of gas to the pipeline from fields in eastern Siberia.

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Comments (3)
  • Grant Payne
    , contributor
    Comments (337) | Send Message
    So long as Rosneft pays for the use I don't see why not.
    1 Jul 2014, 07:37 PM Reply Like
  • Paul216
    , contributor
    Comments (3) | Send Message
    Simple if Gazprom deny's access then the fields are worthless and Gazprom can buy them for a song. Standard business practice in communist country's.
    2 Jul 2014, 05:10 AM Reply Like
  • User 25283983
    , contributor
    Comment (1) | Send Message
    We have the same HERE ! We in the financial arena see the
    "clowns at Seeking Alpha", flip flop all of the time ! Monday they write one thing, then change it on Tuesday! Read the Walgreen's story before you wave the flag.
    America is a DISGRACE, starting wars in Ukraine with neo-nazi support from insane McCain.
    2 Jul 2014, 09:20 AM Reply Like
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