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Thursday, July 13, 2006

Gazprom boasts "practically unlimited" investment capacity - Medvedev

13.07.2006 - MosNews - On Thursday, July 13, Alexander Medvedev, the vice-president of Russia's natural gas monopoly Gazprom, rejected criticism of the company's operations offered by Claude Mandil, executive director of the International Energy Agency. Mandil had questioned Gazprom's reliability and investment plans with an earlier interview in the International Herald Tribune. Medvedev said Gazprom has no need to produce gas that is not yet sold and that it will do what is necessary to meet its domestic and foreign commitments. In an interview with the French daily Le Figaro Medvedev said that Mandil is not qualified to judge the Russian gas giant. He added that Gazprom has "practically unlimited" financial capacity for investments.

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