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Wed, Jul. 23, 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.
SGTPY vs. ETF Alternatives
Surgutneftegaz OAO is engaged in exploration and extraction of hydrocarbons: search for, exploration and exploitation of oil and gas fields; production and marketing of oil products: crude oil processing, whole sale and retail sale of oil products and associated services.
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