Monday, January 26, 2009

Gas: Bulgaria to seek compensation from Gazprom

Bulgaria said it will claim compensation from Russian gas monopoly OAO Gazprom for the losses it incurred during a 19-day Russia-Ukraine gas dispute that cut off supplies to Europe, The Wall Street Journal commented.

Russian gas flow to Europe resumed this week after Moscow and Kiev signed a 10-year supply contract that the two parties insist will guarantee future shipments aren't interrupted.

Bulgaria's Economy and Energy Minister Petar Dimitrov on Friday handed Gazprom's Deputy Chief Executive Alexander Medvedev an official request for compensation during talks in Sofia. Gazprom says it has no intention of paying and that Ukraine is to blame. The Ukraine government press office couldn't be reached for comment.

Source: FOCUS Information Agency
Published by Mike Hitchen, Mike Hitchen Consulting
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