Rosneft to Buy Alrosa Gas Assets

By The Moscow Times

Sep. 29, 2013

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.

… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Continue