Russian Prime Minister Vladimir Putin on Thursday said the country may liberalize its natural gas export market, currently controlled by state-controlled OAO Gazprom (GAZP.RS).
Russian Prime Minister Vladimir Putin on Thursday said the country may
liberalize its natural gas export market, currently controlled by
state-controlled OAO Gazprom (GAZP.RS).
"We don't exclude that in the future we will liberalize exports, but right
now we aren't doing it, so as not to ruin the market," Putin told an
investor conference in Moscow.
Such a reform might involve Russian selling more gas, but at a lower price, he
said.
The European Union, due to anti-trust concerns, last month raided gas companies
in central and eastern Europe, including subsidiaries of Gazprom and energy
giants such as
Germany
's
E.ON AG (EOAN.XE) and RWE AG (RWE.XE),
Austria
's OMV
AG (OMV.VI),
Poland
's
PGNiG SA. The EU said it suspects violations of competition rules in the
"upstream supply level."
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