Rosneft signs $80bln 25-year gas deal with Inter RAO-source

MOSCOW Thu Nov 1, 2012 3:37am EDT

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MOSCOW Nov 1 (Reuters) - Russian state oil company Rosneft has signed an $80 billion 25-year contract with Inter RAO to supply the state-owned electricity company with gas from 2016, a source close to Rosneft said.

The contract would mean that Rosneft would replace independent gas producer Novatek as the main supplier to Inter RAO, depriving Novatek of a customer that accounts for 30 percent of its sales, Kommersant daily newspaper reported citing sources.

InterRao was not immediately available for comment. Rosneft and Novatek declined comment.