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Gazprom sharing Gas Business with E.ON

Gazprom has said that Hungarian oil and gas company MOL Rt would not object to its involvement in MOL’s gas business, a large stake in which was purchased last week by German energy giant E.ON.

According to the Gazprom statement, Zsolt Hernadi said his company would support Gazprom’s acquisition of a stake in the gas businesses if it can agree on this with E.ON.

Hernadi also agreed that Gazprom, as the owner of the other half, must approve the sale of MOL’s 50% stake in Panrusgaz Rt to E.ON.

Gazprom made the statement after talks on Friday between MOL president and CEO Zsolt Hernadi and Gazprom head Aleksei Miller.

(BBJ 15.xi.04)

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