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12/26/06

Scotsman.com- Gazprom has gas in Europe to cushion cuts

For the complete report in the Scotsman.com click on this link

Gazprom has gas in Europe to cushion cuts

Russia's gas monopoly Gazprom has accumulated extra gas reserves in German storage areas to guard against possible cuts to Belarus and reduced gas transit to Europe, an industry source said on Tuesday.

Gazprom warned Belarus on Monday it would have to pay higher prices for gas from 2007 and cede control over its pipelines to the Russian firm or face reduced supplies from the New Year.

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