Financial Times FT.com

Gazprom Nigeria move bodes ill for the west

By Dino Mahtani in London and Matthew Green in Abuja

Published: January 6 2008 19:21 | Last updated: January 6 2008 19:21

Russia’s moves to tap Nigeria’s huge energy reserves will send shivers through western governments already concerned about a shortage of global gas supplies.

Gazprom, Russia’s state-owned energy giant, has offered to invest billions of dollars in developing the gas sector in Nigeria, where western majors have traditionally put most of their efforts into extracting oil.

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