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RWE, Gazprom remain partners despite Ukraine situation

March 07, 2014, 23:27 UTC+3 MOSCOW
1 pages in this article

MOSCOW, March 07, 20:42 /ITAR-TASS/. Germany's second-largest utility company, RWE, still regards Russia’s gas export monopoly Gazprom as a reliable trading partner despite the political situation in Ukraine, an RWE spokesman told Itar-Tass on Friday.

“Discussions at the political level are being held at the moment,” the spokesman said. “We have always known Gazprom as a trusted partner. We do not want to make any forecasts for future events we cannot predict.”

RWE is one of Gazprom’s biggest European partners in natural gas supplies. In June 2013, an arbitral tribunal in Vienna granted RWE's request for a revision of the purchase price payable by RWE for the natural gas supplied under its long-term gas supply contract with Gazprom. In 2013, Gazprom also agreed to adjust the terms and conditions for Russian natural gas supplies to Italy’s energy company ENI.

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