Gazprom, Shell ink Arctic cooperation deal

Russia’s export monopoly Gazprom and the Anglo-Dutch energy giant Royal Dutch Shell have signed a tentative deal to develop hydrocarbons in the Russian Arctic, Russian and Dutch media reported.

The deal was signed on the 8 April 2013 in Amsterdam by Gazprom chief executive Alexei Miller and Jorma Ollila, chairman of Royal Dutch Shell. Dutch Prime Minister Mark Rutte and visiting Russian President Vladimir Putin were also present.

The deal is a framework agreement for cooperation in the Arctic and does not refer to any specific hydrocarbon deposits, Russian media reported.

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