Friday, March 22

Gazprom in talks to buy gas from Brunei

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BANDAR SERI BEGAWAN: Gazprom, the holder of the world’s largest gas reserves, is in talks with and exploring the possibility of purchasing gas from Brunet. Reports from Reuters yesterday stated that Gazprom has been in talks with Brunei LNG about possible gas purchases, Borneo Bulletin reported.

Speaking to the Borneo Bulletin on the matter, the Minister of Energy at the Prime Minister’s Office, Pehin Datu Singamanteri Col (Rtd) Dato Seri Setia (Dr) Awang Haji Mohd Yasmin bin Haji Umar said, “Gazprom is exploring the possibility to buy gas from Brunei. “They are in talks, but they are not the only ones,” he said and added, however “nothing is confirmed yet”. According to Reuters, who cited a report from Vedomosti Daily, Gazprom’s interest in Brunei is “due to uncertainty over liquefied natural gas production”.

“Gazprom, the holder of the world’s largest gas reserves, has been struggling to kickstart LNG projects in Russia due to global financial woes and recent discoveries of vast unconventional gas resources in the United States,” read the report. Vedomosti is also mentioned in the report as citing documents prepared for Gazprom’s board and saying that “the gas from Brunei LNG could be purchased after 2013 when current contracts expire”.