Gazprom could help Novatek find export customers for its
Yamal liquefied natural gas project after the two agreed to form a joint
venture to increase LNG production on the peninsula, says Alfa Bank.
"Although this JV does not explicitly affect Novatek's Yamal LNG
project, in which it is partnered with Total, we believe Gazprom
is desperately trying to retain its export monopoly for LNG amid the
ongoing pressure from the government as it mulls canceling Gazprom's monopoly," says Alfa. Has Novatek under review. Shares down 0.8% at RUB340.59.