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Energy

Gazprom sees no need for Kovykta gas

MOSCOW, June 7 (Reuters) - Russia's gas export monopoly Gazprom GAZP.MM sees no need to develop the giant Kovykta gas field in the near future, a company executive told a news conference on Monday.

“From the point of view of long-term balance we don’t see how gas from Kovykta can be used,” Viktor Timoshilov said.

Oil major BP's BP.L Russian venture, TNK-BP TNBPI.RTS, said last week its unit that controls Kovykta had filed for bankruptcy following a failure by TNK-BP to sell the field to the Russian government. [ID:nLDE652073] (Reporting by Vladimir Soldatkin, writing by Dmitry Zhdannikov)

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