Gazprom poised to tie up US supply deal

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Kremlin-controlled gas company Gazprom could soon become a key supplier to the US, under the terms of a new possible deal with BP, it has emerged.

BP is said to have offered Gazprom a stake in the liquefied natural gas (LNG) operation it owns in Trinidad and Tobago, as part of the strategic alliance the two companies agreed upon earlier this summer, the Times reports.

The Atlantic LNG operation in Trinidad and Tobago supplies the world's largest supplier of LNG to the US market, shipping 75 per cent of its output - one billion cubic metres a day, to the states.

Four separate LNG trains are run from the venture, with BP holding at least a 34 per cent stake in each of the four.

Russian newspaper Vedomosti cites a source working at BP's Russian TNK-BP joint venture as saying that Gazprom is currently considering the offer.

The Times reports that a spokesperson for BP refused to comment on the rumours, saying only: "We have are having ongoing discussions with Gazprom as we announced we would and these discussions could cover any part of our portfolio."

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