Angola: Russia’s Gazprom interested in boosting presence in Angola

5 November 2007

Cape Town, South Africa, 5 Nov – Gazprom is interested in making acquisitions in the energy sector in the Gulf of Guinea and Angola, regions that are considered strategic in boosting the Russian company’s international presence, a company official said in Cape Town Friday.

Christopher Gerard, who was speaking at the International Africa Upstream 2007 conference, in Cape Town South Africa, said that negotiations were underway with “regional players and authorities.”

“Africa is definitively on Gazprom’s road to international expansion. We are ready to buy assets, we have money to do so,” he said.

the Russian group, which has the monopoly on exporting gas from Russia, is even available to “exchange key assets in Russia,” in order to expand internationally.

Gazprom is already involved in the Algerian and Libyan markets and is expanding into Vietnam, Egypt and Venezuela and in Angola it has a partnership agreement with Sonangol. (macauhub)