Surgutneftegaz OAO ADROTCPK - Current
Jul. 23, 2014, 3:07 AM
- In a move which would end Gazprom's (OTCPK:OGZPY) monoply of pipeline gas exports, Vladimir Putin has suggested the Russian government allow other companies to export Siberian gas to the Far East.
- The new stance marks a potential victory Rosneft (OTC:RNFTF), Surgutneftegaz (OTCPK:SGTPY) and others, which have lobbied hard to gain a larger piece of the Russian gas sector.
- The final government decision will highly impact the country's recent $400B gas deal with China.