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Friday, June 26, 2009

Gazprom Aims For 10% Of UK Gas Market By 2011 - CEO

JUNE 26, 2009 - Dow Jones - MOSCOW. Russian gas firm OAO Gazprom (GAZP.RS) plans to control 10% of the U.K. natural gas market by 2011, the company's chief executive, Alexei Miller, said Friday. Volumes of Russian gas sold on the U.K. market has tripled in the last few years, Miller told an annual shareholder meeting. Gazprom currently supplies 7.5 billion cubic meters of gas a year to U.K. consumers. In 2006, Gazprom dropped its ambition to take control of U.K gas firm Centrica PLC (CNA.LN)after UK politicians voiced concerns about giving the state-controlled Russian firm a large influence over the country's energy supply.

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