Editors - Even if this deal does not happen, the Russian company has two things for sure - global ambitions and cash. Please, read the Reuters story about this new business development:

The Russian gas export monopoly Gazprom wants to buy any available natural gas produced by Libya and some of the country’s oil, the top Libyan oil official said on Wednesday. “Gazprom has expressed its willingness to buy Libyan oil and any available quantities of gas,” the official, Shokri Ghanem, told Reuters, adding that it did not mean Gazprom would buy all of Libya’s oil.

Gazprom’s chief, Alexei B. Miller, met with Col. Muammar el-Qaddafi of Libya, after which the company said in a statement that it hoped to buy, at market prices, “all future volumes” of gas, oil and liquefied natural gas available for export. A cooperation agreement signed in 2006 between Gazprom, which supplies about a quarter of Europe’s gas, and Algeria led to fears that Europe’s biggest two suppliers could work together like the OPEC group of oil exporters.