Bloomberg News

Gazprom to Face Putin Censure for Gas Shortfall, Kommersant Says

March 23, 2012

OAO Gazprom (GAZP), the world’s biggest gas producer, faces criticism at a government meeting with Prime Minister Vladimir Putin for supply shortfalls this year, Kommersant said.

Putin’s meeting today in the Leningrad region will address gas supplies to European and domestic customers during the cold wave in January and February, the newspaper said, citing the government’s press office.

Energy Minister Sergei Shmatko prepared a report on Gazprom’s shortfalls to Europe during a cold snap this year, and may voice support for independent gas suppliers, Kommersant said, citing an unidentified person with a knowledge of the draft. The ministry plans to proposed linking management bonuses to output and supply peaks, the newspaper said.

The report comes as Putin prepares to return as Russian president after winning the March election, replacing Dmitry Medvedev, who used to be chairman of Gazprom, according to the newspaper.

To contact the reporter on this story: Stepan Kravchenko in Moscow at skravchenko@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net


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