Financial Times FT.com

Energy Security

Promising suitor in move to catch Nigeria’s eye

By Matthew Green in Abuja

Published: January 4 2008 23:07 | Last updated: January 4 2008 23:07

Gazprom’s move to capture a share of Nigeria’s vast gas reserves is one of the boldest forays in the global fight for African energy assets.

Representatives from Nigeria’s government and the Russian state-owned group say they are discussing a proposal under which the company would offer a package of energy investments. In return, Gazprom would gain a production foothold in some of the biggest gas deposits in the world and a presence in an export market increasingly important to the US and Europe.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this