Rosneft in gas supply pact

Rosneft-office-300x1623118 June 2015, News Wires – Russia’s Rosneft has signed a new gas supply pact with the country subsidiary of German energy giant E.ON as the state-owned company seeks to boost its gas business in competition with compatriot Gazprom.

The contract, signed at this week’s International Economic Forum in St Petersburg, entails the supply of 4.4 billion cubic metres of gas over a five-year period to E.ON Russia’s Surgut Power Plant-2 and is a continuaton of an existing supply deal that expires this year.

Rosneft said in a statement it is the leading gas producer among Russian oil companies, with output of 56.7 billion cubic metres last year and estimated gas reserves of 7.2 trillion cubic metres.


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