Gazprom to Raise EU Gas Export Via Belarus Amid Ukraine Dispute
OAO Gazprom, Russia’s gas export monopoly, plans to raise Europe-bound gas exports across Belarus by about 13 percent this year after gaining control of the country’s pipeline and Ukraine’s threats to cut purchases.
Gazprom will increase shipments by 4 billion cubic meters this year, Chief Executive Officer Alexey Miller told the Belarus energy minister, according to an e-mailed statement from the Moscow-based company today. Transit shipments amounted to 31.3 billion cubic meters last year.
Gazprom last year bought the 50 percent of Belarus’s gas pipeline system it didn’t already own. Ukraine, which transports about 80 percent of Europe-bound supplies of Russian gas, is threatening to cut its own purchases while seeking lower prices.
To contact the reporter on this story: Anna Shiryaevskaya in Moscow at ashiryaevska@bloomberg.net
To contact the editor responsible for this story: Torrey Clark at tclark8@bloomberg.net
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