Bank Of Baku

Gazprom looking for alternative transit options for gas supplies to Europe

Gazprom looking for alternative transit options for gas supplies to Europe
# 21 June 2010 15:57 (UTC +04:00)
Baku - APA-Economics. Gazprom is looking for alternative transit options for gas supplies to Europe, including via Ukraine, Poland, a spokesman for Russia’s gas monopoly said on Monday, RIA Novosti reported.

Sergei Kupriyanov said there should be no problems with gas transit to Europe and that Gazprom expected Belarus to honor its transit commitments and pay off its outstanding debt.

On the issue of Gazprom’s transit debt to Belarus, he said it only existed because Minsk did not permit Gazprom to offset it.

Earlier on Monday Gazprom CEO Alexei Miller said Gazprom had started cutting gas supplies to Belarus over the debt. The restriction will gradually rise from 15 to 85 percent of daily
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