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Tuesday, June 14, 2005

Gazprom and E.ON AG consider JV in Romania

Gazprom, Russia's natural gas export monopoly, may secure partnership with E.ON AG, Germany's biggest utility, in energy distribution projects in Romania.

Ruhrgas AG, a gas unit of E.ON, last August won a bid to buy a majority stake in Distrigaz Nord SA, a Romanian distributor of the fuel. The sale still has to be completed, the Romanian government said last month.

Gazprom, which seeks access to gas users in Europe, where the Russian company supplies a quarter of consumed fuel, is in talks with E.ON on possible joint projects in gas production, marketing and power generation. Germany's E.ON is also buying power distribution assets in Romania.

In the same time, it seems Shell will be selling its GPL division and leave Romania....I wonder if they will sell to GAZPROM. More details in this article (romanian version only).

Posted by Mihai : 6/14/2005 10:45:00 am