E.ON, Gazprom Continue Joint Venture Talks

Law360, New York (August 5, 2008, 12:00 AM EDT) -- Though negotiations with Russian natural gas giant OAO Gazprom have endured for more than four years, German energy company E.ON Ruhrgas AG remains optimistic about the plan for a joint venture.

Though talks have recessed for the summer, Ruhrgas still believes the two companies will eventually close the deal, Ruhrgas Head of Procurement Jochen Weise told reporters Tuesday at a press conference in Essen, Germany.

The proposed venture, which has been in the works since 2004, involves an asset swap that would grant E.ON access to...
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