Russian energy giant OAO Rosneft (ROSN.RS) has signed a 12-year deal to supply gas to Italian energy firm Enel SpA's (ENEL.MI) OGK-5 power producer, the two companies said Wednesday.
Russian energy giant OAO Rosneft (ROSN.RS) has signed a 12-year deal to
supply gas to Italian energy firm Enel SpA's (ENEL.MI) OGK-5 power producer,
the two companies said Wednesday.
Rosneft will supply a significant amount of the gas needed by OGK-5's four
power plants in
Russia
, the
statements said. They gave no details on volumes or price for the gas.
Rosneft on Tuesday agreed to buy Enel's stake in Russian gas producer
SeverEnergia for $1.8 billion. Russia's largest crude oil producer is ramping
up its gas production as it tries to become a top player in that sector in
Russia, which is dominated by state gas firm OAO Gazprom (GAZP.RS).
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