April 6:
Gazprom will honour its deals to supply gas to Germany, a newspaper reported a senior executive of the Russian exporter as saying, even as Berlin backs tougher sanctions to deter Moscow from further destabilisation of Ukraine - PHOTO: AFP
Gazprom will honour its deals to supply gas to Germany, a newspaper reported a senior executive of the Russian exporter as saying, even as Berlin backs tougher sanctions to deter Moscow from further destabilisation of Ukraine - PHOTO: AFP
[BERLIN] Gazprom will honour its deals to supply gas to Germany, a newspaper reported a senior executive of the Russian exporter as saying, even as Berlin backs tougher sanctions to deter Moscow from further destabilisation of Ukraine.
Moscow has used energy to put pressure on its neighbours and European customers are concerned they could be vulnerable during the crisis over Ukraine, the worst East-West crunch since the Cold War. "Gas is no weapon, it's a commodity," Gazprom vice president Alexander Medvedev said in an interview with the German newspaper Handelsblatt, to be published on Monday. "We're interested in selling this fuel in order to earn money on behalf of our shareholders," he said. "We will keep to our contractual obligations towards Germany," Medvedev told the newspaper.
Russia last week nearly doubled the price Ukraine pays for its gas, forcing Kiev to enter into emergency talks with European neighbours to boost cheaper imports from the West.
Russia provides around one third of the European Union's oil and gas and some 40 per cent of this is exported by pipeline through Ukraine. It is also the EU's third biggest trading partner, importing goods worth some 123 billion euros (US$168 billion) a year.
Source: http://www.businesstimes.com.sg/breaking-news/world/gazprom-says-it-will-honour-gas-deals-germany-handelsblatt-20140407?
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