Bloomberg News

Gazprom Says European Natural-Gas Requests ‘Wishful Thinking’

February 03, 2012

Feb. 3 (Bloomberg) -- OAO Gazprom, Russia’s natural-gas exporter, is meeting its contractual obligations for supplies to Europe, while sending less than customers have requested during freezing weather, an official said.

“They are asking for more than we are obliged to supply,” said Sergei Komlev, head of pricing at Gazprom’s export division. “There is a difference between wishful thinking and agreed contractual volumes.”

When temperatures plunged, customers “rushed” to the spot gas market, to find insufficient supplies, Komlev told reporters today in Moscow. U.K. gas prices for the next working day surged to the highest in more than three years as the cold snap boosted demand.

To contact the reporter on this story: Anna Shiryaevskaya in Moscow at ashiryaevska@bloomberg.net

To contact the editor responsible for this story: Torrey Clark at tclark8@bloomberg.net


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