Gazprom to review gas prices for Russian market

Dec 11, 2000 01:00 AM

Burkhard Bergmann, a member Gazprom's board of directors, said that prices at which the company sells gas on the Russian market will be reviewed.
Bergmann, who according to 'Izvestiya' is likely to be elected chief of the Russian gas corporation in the summer of 2001, said that gas supplies to the domestic market will inevitably decrease.
The reason for this, he said, is that the sum which the largest consumer -- the Russian consumer -- pays for gas does not cover spending on the production and transportation of gas.
He also said that if the low prices are adjusted, Gazprom will at last be able to curb the current decrease in gas production and even increase the output of gas.
"From the point of view of domestic economic needs it may prove expedient, in the distant future, to start importing gas from Turkmenistan," he said.

Bergmann, the deputy chairman of the executive board of the German concern Ruhrgas, said that under a contract concluded by Ruhrgas and Gazprom for the perioduntil 2030 about one-third of Ruhrgas' needs will be met.
He said that Ruhrgas is not considering the possibility of increasing gas imports from Russia.

Source: BBC via Energy24
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