Gazprom and OMV continue negotiations for Siberian gas asset

Gazprom and OMV agreed to extend until June 2022 negotiations related to a 2018 deal regarding assets in Siberia.

On Oct. 3, 2018, Gazprom and OMV signed an agreement whereby OMV would obtain a 24.98% stake in a project to develop Blocks 4A and 5A in the Achimov formations of Urengoyskoye field. As a result, Gazprom’s stake would decrease to 50.01%, while Wintershall Dea GmbH would retain its 25.01% share.

Details about the finer points to be negotiated were not disclosed. The deal was originally set to close by the end of 2019.

OMV AG is Gazprom's main partner in Austria. The companies cooperate in gas production, transportation and supplies. In 2019, Gazprom supplied 14.1 bcm of gas to Austria, it said.