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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