Bloomberg News

Gazprom Says Meeting European Gas Demand in Full After Cold Snap

February 20, 2012

Feb. 20 (Bloomberg) -- OAO Gazprom, the world’s biggest natural-gas supplier, is meeting European requests for the fuel in full after a cold snap this month boosted demand, Deputy Chief Executive Officer Alexander Medvedev said today in an e- mailed statement.

Medvedev said the past weeks revealed “systematic faults” in the European Union’s attempts to reform its gas market, as the spot market and renewable energy sources failed to meet increased demand.

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


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