Gazprom Takes On Exxon

LONDON – If the foreign operators of Russia’s Sakhalin-1 natural gas field weren


“We have received an extremely negative experience of foreign participation in exploration projects in Russia’s East,” he told a news conference.

Exxon Mobil operates the vast natural gas field along with the Russian state-controlled oil company Rosneft, India’s Oil and Natural Gas Company, and Sodeco, a Japanese consortium. The field is producing approximately 134 million cubic feet of natural gas per day and 250,000 barrels of crude oil.

The comments, which follow several months of rumblings from Gazprom about the project, will increase pressure on the operators, led by Exxon, to sell their gas to the Russian giant itself.

Forbes