Russia\\\'s Gazprom eyes Singapore listing
Thursday, 22 May 2014
Russian energy giant Gazprom is eyeing a secondary listing on the Singapore Exchange, a spokesman said Thursday, as the firm moves to play a more active role in Asia.
Analysts say listing in Singapore could be part of a "strategic shift" towards the region, as the Ukraine crisis threatens Russian energy exports to Europe and as Western sanctions bite.
"We want to have another platform on which our shares are traded," Gazprom spokesman Sergei Kupriyanov said.
"We are now working on the question of obtaining a listing in Singapore."
It comes a day after Russia and China announced a massive gas deal said to be worth $400 billion, with Moscow-listed Gazprom set to supply the state-owned China National Petroleum Corp (CNPC), according to AFP.