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    Gazprom in discussion with Shell over Sakhalin assets swap

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    Gazprom and Royal Dutch Shell are preparing a joint memorandum on their participation in each others' assets, including Shell's share of oil and gas deposits off Russia's Pacific island of Sakhalin, Gazprom's Deputy Chairman Alexander Medvedev said on Monday.

    Gazprom and Royal Dutch Shell are preparing a joint memorandum on their participation in each others' assets, including Shell's share of oil and gas deposits off Russia's Pacific island of Sakhalin, Gazprom's Deputy Chairman Alexander Medvedev said on Monday.

    "We are preparing a memorandum, under which Shell and Gazprom will determine cooperation on a wide range of issues not only in Russia, but also abroad. Our principle remains unchanged. We are happy to invite foreign partners to develop our fields if, in exchange, we get access to our partners' high-profile projects abroad," he said.

    "We know that Shell possesses good assets, which could interest us. If we find an acceptable decision for both parties, such cooperation could be expanded and include cooperation in Sakhalin," Medvedev told Russia Today international news TV channel.

    MOSCOW, November 29 (RIA Novosti)

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