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Several Companies Are Ready to Buy ALROSA’s Gas

  • Published in Economy
alrosa
Several oil and gas companies have submitted petitions to the Federal Antimonopoly Service for purchase of gas assets of ALROSA.

Structures of “Rosneft”, including “Bashneft”, have submitted three applications to FAS for the right of participation in the auction for gas assets of ALROSA. "Earlier the service has received similar petitions from “Novatek” and LLC “Status” (a structure of “Gazprombank”)", – specifies "Prime", an economic informational agency.

At the end of December ALROSA has announced an auction to sell its gas assets, the auction is planned for February 19, 2018. The initial price is set at 30 billion rubles, a bid increment – 10 billion rubles. A single lot exposes 100% of the equity stakes of “Geotransgaz” and "Urengoy gas company".

These enterprises carry out the subsurface user activities for extraction of natural gas and gas condensate in the territory of Beregovoy and Ust-Yamsoveysky license areas in the Yamalo-Nenets autonomous area.

ALROSA has acquired these companies in 2005-2007 with the purpose to diversify its business. In 2009 in the middle of crisis ALROSA sold 90% of both companies to the structures of VTB Bank for $620 million, and three years later bought them back for $1 billion.