E.ON straightens Gazprom sales


Gazprom’s biggest minority holder, German E.ON, presses for changing procedures for the overseas sales of monopoly.

The matter at stake is winding up intermediaries that are subsidiaries of Gazprom, including Swiss Rosukrenergo, German Gazprom Germania and Britain’s Gazprom Marketing & Trading. But by raising this issue, E.ON probably attempts to bring momentum to negotiations about Yuzhno-Russkoe field. At today’s meeting of Gazprom BOD, Alexander Medvedev, who is the deputy chairman of Gazprom’s Management Committee, will deliver a report on Gazprom’s marketing strategy overseas.

Medvedev will speak about “geographical diversification of the sales markets and direct access to end clients,” said a manager of Gazprom Export, which Medvedev heads. The topic was brought by E.On Ruhrgas Board Chairman Burkhard Bergmann, who is a member of Gazprom BOD. The sources say E.ON Ruhrgas presses for direct gas supplies to Europe and CIS, i.e. bypassing intermediaries such as Rosukrenergo, Gazprom Germania and Gazprom Marketing & Trading. In Gazprom, they don’t comment on the E.ON proposal. The analysts say the true purpose of E.ON could be an attempt to strengthen standing at negotiations over Yuzhno-Russkoe field. For a few years, the companies are unable to agree what assets E.ON is to contribute to get 25% in the field, which resources are estimated at 805 billion cubic meters of gas. (kommersant)


Nearly 18% of Polish firms plan investments in next 3 months... Analysis

Nearly 18% of Polish firms plan investments in next 3 months...

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Chain Bridge to be closed for traffic for 18 months City

Chain Bridge to be closed for traffic for 18 months


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.