Royal Dutch Shell PLC (RDSA.LN, RDSB.LN) might offer OAO Gazprom (GAZP.RS) assets in Asia in exchange for a deal to expand a liquefied gas export plant, Bloomberg News reported Tuesday, citing unnamed people with knowledge of the negotiations.
Royal Dutch Shell PLC (RDSA.LN, RDSB.LN) might offer OAO Gazprom (GAZP.RS) assets in Asia in exchange for a deal to expand a liquefied gas export plant, Bloomberg News reported Tuesday, citing unnamed people with knowledge of the negotiations.

Shell hopes to add a third liquefied natural gas production unit at the $22 billion Sakhalin-2 venture, raising output 50%, the report said.

Three people said the company is choosing overseas assets to win Gazprom's support, the report said, adding that the people declined to be identified because the plans are private.

The report said Shell might gain access to new offshore blocks to supply the plant. It quoted Vera Surzhenko, a spokeswoman at Shell in Moscow , as saying the companies are "considering opportunities," but declining to name any assets outside Russia that they might consider. It said Sergei Kupriyanov, a Gazprom spokesman, and Denis Rebrov, a Gazprom Neft spokesman, declined to comment.

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