JOHANNESBURG, SOUTH AFRICA–(EMWNews – July 22, 2008) – Researched by Industrial Info

Resources (Sugar Land, Texas) — State-controlled energy firm Gazprom

(RTD:GAZP) (Moscow, Russia) has offered to buy all of Libya’s spare

capacity in oil and gas, with the natural gas targeted for resale to

Europe. At the same time, the company is in talks with Eni S.p.A. (NYSE:E)

(Rome, Italy) about the possibility of joint gas projects in Libya. These

moves follow the pattern set by Gazprom’s agreement, signed in June, to

cooperate with Algeria’s state-owned energy company Sonatrach (Hydra) with

the Trans-Saharan pipeline in mind.

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