BGP Litigation manging partner Alexey Nechaev speaks with RBC about the asset swap between Gazprom and Austria's OMV

According to Alexey Nechaev, the agreement is typical of Gazprom structures. Such deals are often concluded with friendly countries and leading friendly players, he added. 

"The deal hasn't been finalised and isn't without risk, so it could be shelved for political reasons", agrees Alexey Nechaev, managing partner at BGP Litigation", writes RBC. 

The publication also notes: "...the signing of agreements, even framework agreements, is a serious step towards implementation of the deal, says Nechaev". 

The negotiation process is not yet completed, believes Alexey Nechaev. In practice such deals often fail to be consummated, and the risks are high. Last year a similar asset swap between BASF and Wintershall was agreed after 6 years of inactivity, he notes. 

The full article (in Russian) is available here: "«Газпром» договорился с австрийской OMV об обмене активами" (in RBC newspaper: "Норвегия в обмен на Уренгой": №233 (2489), 15 December 2016).