Moscow Times: Russia's Gazprom Building Global Alliance With Shell

Gazprom is building a global strategic alliance with energy major Royal Dutch Shell that will include asset swaps and allow the Russian gas giant to penetrate new markets, its chief executive has said.

Gazprom, the world's top gas producer, said late last week that Shell and its longtime gas buyers in Europe — Germany's E.ON and Austria's OMV — had agreed to build two new Nord Stream gas pipelines under the Baltic Sea to Germany.

In a rare interview, chief executive Alexei Miller said the agreement with Shell also foresaw an expansion of the firms' joint $20 billion liquefied natural gas plant on the eastern island of Sakhalin as well as global upstream asset swaps.

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