Russia has taken the biggest step towards establishing control over the European gas market.
Deal to develop a new gas field in Iran worth several trillion US dollars to the fact that the Russian company will own the main one in it
A deal to develop a new gas field. OilPrice sources close to the deal.
According to one of the senior Russian officials involved in negotiations on the deal, “this is the last step in securing control over the European energy market.”
Russian Gazprom and Transneft will jointly own a 40% stake, Chinese CNPC and CNOOC together a 28% stake, and Iranian KEPCO only a 25% stake. Gazprom will have overall responsibility for development management, Transneft will handle transportation and related operations, CNPC will provide a significant portion of the financing and provide the necessary banking services, and CNOOC will be responsible for some of the infrastructure and engineering, ”said one.
Russian “Transneft” predicted that it will meet the needs for services up to 72% of all the possibilities of Austria, Italy every year for the full 20 years, during which the deal will be valid. Transneft also said that only Chalus can provide up to 52% of all the needs of the community during this period.
Sources close to the deal estimate the total value of the Chalus gas field at US $ 5.4 trillion.