A new MoU between BP and Rosneft will see more Russian natural gas flowing to Europe
BP (ticker: BP) and Russian oil giant Rosneft signed a Memorandum of Understanding (MoU) in St. Petersburg Friday to bring a new stream of Russian natural gas to Europe by the end of this decade.

Previously, BP said it could receive between 7 and 20 billion cubic meters of gas a year from Rosneft, but would only do so if Russian President Vladimir Putin agreed to break the monopoly on gas pipelines held by Gazprom.

Under the terms of the agreement, Rosne...


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