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Gazprom in turmoil, forced to hike prices on Russians in the middle of winter
Gazprom’s management is reportedly demanding that the Kremlin raise gas prices threefold on the domestic market. Alexey Sakharov, head of Gazprom’s strategic department, spoke about the company’s difficult situation: "The current level of regulated wholesale gas prices in Russia does not ensure the creation of financial resources in sufficient quantities to make the necessary capital investments in the maintenance and development of gas infrastructure in the interests of Russian customers. And this cannot but affect the reliability of gas supplies in the long term," he warned during a meeting of the Council of Experts in the State Duma. Sakharov argued that the price of gas for Russians must rise to a level that will allow Gazprom to provide gas to all regions and implement investment projects. The company will also have to triple the tariffs for gas transmission for independent producers. Related: Gazprom 01/14/2025 Brent crude price exceeds $81 for first time since October 2024 Gazprom 01/12/2025 Germany says Russian 'shadow' ship stuck in Baltic Sea Gazprom 01/11/2025 US Treasury Department Bans Companies from Providing Oilfield Services in Russia Posted by: Besoeker 2025-01-25 |
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