Saturday, June 7, 2008

Gazprom to Join Denali Gas Pipeline?

The most interesting Alaska Gas Pipeline News of the week - Russian Gas giant Gazprom wants in.

According to this Reuters story, Gazprom is talking to ConocoPhillips, BP and TransCanada.

This isn' t the first ConocoPhillips partnership with Russian firms. ConocoPhillips currently partners with Lukoil.

Exxon also wants to partner with Gazprom on projects such as the East Coast LNG project. Maybe we'll see more of Gazprom in the future?

This may be good news as equity positions in the gas line reduce the overall risk exposure to any single partner.

On the other hand how much foreign help is needed to develop our own resources?

Update: TransCanada "Bewildered" by Gazprom interest.

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