Support The Moscow Times!

Rosneft to Buy Alrosa Gas Assets

Rosneft has agreed to buy gas assets from diamond miner Alrosa for $1.4 billion, in a drive to expand its natural gas business, Rosneft said Friday.

Rosneft also said the acquisition of Alrosa assets in the Yamal-Nenets autonomous district and in the epublic of Sakha would increase its recoverable gas reserves by more than 200 billion cubic meters.

Led by Igor Sechin, Rosneft has ambitions to become Russia's second-largest gas producer with output of 100 bcm of gas a year by 2020, up from about 13 bcm last year, compared with dominant gas producer Gazprom's 479 bcm.

Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

Please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world's largest country.