Bloomberg News

Ayrault Says Natural Gas Price Hikes Won't Pass Inflation

July 04, 2012

French Prime Minister Jean-Marc Ayrault said today that natural gas prices won’t rise faster than the rate of inflation.

“It is out of the question to increase natural gas prices more than inflation,” Ayrault said in an interview on the television channel TF1. “There may be some technical and legal issues, but I don’t want more money to be taken away from the purchasing power of middle- and working-class people,” he said.

GDF Suez (GSZ) SA, France’s biggest natural gas distributor, requested last month that the national energy regulator increase regulated consumer tariffs by about 5 percent.

To contact the reporter on this story: Helene Fouquet in Paris at hfouquet1@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net


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