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Gazprom aims for 14% of UK gas market in 3 years
Monday, January 28, 2008
According to Thomson Financial News, the head of Marketing and Trading at Gazprom is targeting 14 per cent of the UK's commercial and industrial gas market within three years. Gazprom currently hold only 1.5 per cent of the UK gas market today.
Vitaly Vasiliev, the Russian energy giant's head of Marketing and Trading was quoted by the Wall Street Journal as saying, "Gazprom wants to be an energy company, not just a supplier of gas. We want to participate in the whole value chain."
Gazprom had previously expressed interest in buying UK utility Centrica PLC in 2006. They already supply around 25% of the wholesale gas across Europe.
Courtesy of Thomson Financial News
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