Bloomberg News

Russia May Resume Gas to Europe Today, Gazprom’s Miller Says

January 09, 2009

OAO Gazprom will resume gas supplies to European customers via Ukraine today if an international agreement on transit shipments is signed, Chief Executive Officer Alexei Miller said.

“We are counting on that today the protocol would be signed on the creation of an international independent mechanism for providing transit of Russian gas through the Ukrainian territory,” Miller said during a meeting with Russian President Dmitry Medvedev in the Black Sea resort of Sochi shown on state television. Gas supplies to Europe will resume “practically right away,” he added.

Gazprom, Russia’s gas exporter, suspended transit flows on Jan. 7 after accusing Ukraine of siphoning off gas destined for other buyers, a charge the country denies.

Russian Prime Minister Vladimir Putin reached an accord with Czech Prime Minister Mirek Topolanek, who holds the EU’s presidency, on deploying a commission to monitor gas shipments through Ukraine. Russia and Ukraine still have to resolve their dispute over gas prices, fees and debt that’s affected supplies to at least 20 European countries.

To contact the reporter on this story: Maria Ermakova in Moscow at mermakova@bloomberg.net.

To contact the editor responsible for this story: Keith Campbell at k.campbell@bloomberg.net


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