RIA Novosti reported that Gazprom will buy a 25% stake in Daltransgaz, the owner of a natural gas pipeline in Russia's Far East, from the country's largest state owned crude producer Rosneft.

Mr Alexei Miller CEO of Gazprom met with Mr Sergei Bogdanchikov CEO of Rosneft and the sides signed a cooperation agreement.

According to the report, the acquisition will give the Russian state gas monopoly access to the pipeline's spare capacity on the route from the island of Sakhalin to the port of Vladivostok via Khabarovsk.

Russia's Federal Property Management Agency holds a 27.39% stake in the pipeline, and the Khabarovsk Territory controls the remaining 47.59%.