Rosneft says Gazprom plan to monopolize China pipeline is illegal

|By:, SA News Editor

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.