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BP sees potential for gas purchases from Rosneft of up to 20 bcm/year

Wed, 25th Jan 2017 14:14

VIENNA, Jan 25 (Reuters) - Global oil major BP mayreceive gas supplies of between 7 billion and 20 billion cubicmetres per year under an agreement last year with Russia'slargest producer Rosneft, a BP official told Reuterson Wednesday.

Vladimir Drebentsov, chief economist for BP in Russia andthe former Soviet Union, said these were hypothetical suppliesbecause Kremlin-controlled gas giant Gazprom currentlyholds exclusive rights for pipeline gas exports for Russia.

"This is only an intention, there are no concrete plans," hesaid on the sidelines of European Gas conference in Vienna. BPowns a 19.75 percent stake in Rosneft.

On Tuesday, daily RBC said Rosneft and BP were in talks overa long-term gas supply contract that could deliver BP 160 bcm intotal over 16 years.

It said Rosneft's chief executive officer Igor Sechin hasasked President Vladimir Putin to break Gazprom's monopolyrights.

Kremlin spokesman Dmitry Peskov and Rosneft declined tocomment. (Reporting by Vladimir Soldatkin; Editing by Ruth Pitchford)

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