Friday 3 February 2012

When it is really cold, do not count on gas deliveries from Gazprom!

When it is really cold - and the need for gas is at its greatest - do not count on deliveries from Russia´s Gazprom!:

RWE AG (RWE.XE) unit Supply & Trading is getting around 30% less gas than usual from Russia, an RWE spokeswoman told Dow Jones Newswires, after national operators in Poland and Austria reported declining delivery volumes from gas giant OAO Gazprom (GAZP.RS) amid severe cold weather.
In Germany, a spokesman for Wingas--the country's second-largest importer of gas and a 50-50 joint venture between German chemicals giant BASF SE's (BAS.XE) Wintershall unit and Gazprom--said earlier Thursday that there were noticeable reductions in Russian deliveries, but that these are hard to quantify. He also said that Gazprom had previously notified customers that there may be reductions in deliveries during the cold weather.

Read the entire article here

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