E.ON Ruhrgas AG hasn't decided yet on the timing of a possible reduction of gas prices, Bernhard Reutersberg, chief executive of E.ON Ruhrgas, a unit of E.ON AG (EOA.XE), said Thursday.
He said he doesn't expect any price hike on January 1, but he couldn't say if a cut will come then. As of April 1, however, a price cut may come but the current market volatility makes any concrete projection difficult, he said.
The E.ON Ruhrgas head confirmed the intention to work together with Russian energy group Gazprom "to create and develop joint future energy partnership" with Russian energy group Gazprom, with which it already works on several big projects.