Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Alrosa Seeks Investors for Gas Assets After $1 Billion VTB Deal

OAO Alrosa, Russia’s government-run diamond company, will seek investors for its natural-gas assets after repurchasing them from VTB Group for $1.04 billion.

State-run VTB bought Geotransgaz and Urengoy Gas Co. assets from Alrosa in 2009 to help the producer through the financial crisis. Alrosa has hired VTB Capital to advise on developing the projects and attracting strategic investors, it said today in a statement. The company has a preliminary deal to sell 25 percent to 26 percent to state oil and gas producer OAO Zarubezhneft.

The assets have resources of 187 billion cubic meters of natural gas and 26.4 million metric tons of gas condensate in northern Russia’s Yamalo-Nenets Autonomous District, Alrosa said. It may start output of 1.8 billion cubic meters of gas and 250,000 tons of condensate a year from the fourth quarter.

Output is seen reaching a maximum annual 4 billion cubic meters of gas and 1 million tons of gas condensate, the producer said. Alrosa decided last year to focus on diamond mining and sell other assets including iron ore and natural-gas projects.

The diamond producer announced today that it completed the purchase of 100 percent of the gas assets.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.