Gazprom is looking to make its first acquisition in the US as part of its move to enter the North American market.

Vitaly Vasiliev, chief executive of Gazprom Marketing & Trading, the downstream arm of the state-controlled Russian gas company, told the Financial Times a takeover was one of the options under consideration for building Gazprom’s presence in the US market, where it hopes to sell increasing volumes of liquefied natural gas.

He said: “We can build organically, we can do it with a partnership to build an outlet for us in the US or the third option would be acquisition”.

He hopes to decide which route to take by the end of the year. ... Read full article