Russia's Gazprom Plans Big Sales To U.S.

Russia's energy giant Gazprom is launching a major drive into U.S. and Asia-Pacific markets with gas from its new Siberian and Arctic fields, but it needs money from Western investors.

Five Western groups have been short-listed to help develop the Shtokman field, which contains 113 trillion cubic feet of gas - enough for 25 years of Russian gas exports to Europe. The five are Chevron, Phillips-Conoco, Statoil and Hydro from Norway, and France's Total. Two, or at most three, would be picked as partners.

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