Liberalization of Natural Gas Exports to Help Russia Restore Positions on the European and Global Markets

... 2011; Rosneft recently acquired the totality of Itera’s shares), and in March 2013 it closed a deal for acquiring 100 percent of the TNK-BP shares. These assets will help Rosneft raise gas production to 41 billion cu. m as soon as 2013. Just like Novatek, Rosneft has expanded its share of the domestic market by signing two long-term contracts for gas supplied to InterRAO (875 billion cu. m in 2016-2040) and Fortum [18] . Rosneft also inherited clients of Itera and TNK-BP. Excessive Gas Supply to Challenge ...