Gazprom and Novatek have serious problems. A powerful player to enter the market

The independent gas company Itera will be completely controlled by state Rosneft. FAS will allow the oil company to increase its share in Itera to 100%.

“This is very good that competitors to Gazprom appears. I’m sure we will give consent,” – the Neftegaz.ru cites the FAS’ Head Artemiev.

Let’s recall, the corresponding request of Rosneft was received by the Antimonopoly Service at the end of May of 2013. The structure of Igor Sechin is to buy 49% of the gas company to consolidate 100% of Itera. The assumed amount of the transaction is $3 billion.

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