Gazpromneft and Novatek acquire Eni's 29.4% stake in SeverEnergia
The battle for one of the most promising gas assets in the north of West Siberia resulted in Gazpromneft and NOVATEK's acquisition of Eni's 29.4% indirect stake in SeverEnergia. This deal marks not only the exit of Eni from Russia's onshore upstream, but also a halt to Rosneft's seemingly unstoppable expansion in the gas sector. Rosneft had hoped to expand its stake in SeverEnergia to 49%, following its acquisition of 19.6% from Enel in September. These two deals ...