SOURCE: Industrial Info Resources

 

JOHANNESBURG, SOUTH AFRICA--(Marketwire - July 22, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- State-controlled energy firm Gazprom (RTD:GAZP) (Moscow, Russia) has offered to buy all of Libya's spare capacity in oil and gas, with the natural gas targeted for resale to Europe. At the same time, the company is in talks with Eni S.p.A. (NYSE:E) (Rome, Italy) about the possibility of joint gas projects in Libya. These moves follow the pattern set by Gazprom's agreement, signed in June, to cooperate with Algeria's state-owned energy company Sonatrach (Hydra) with the Trans-Saharan pipeline in mind.

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