CHANGES IN GAZPROM TO AFFECT GAS PRICES

Business | June 6, 2001, Wednesday // 00:00

The reshuffles in the Russian-based company Gazprom will lead to a sharp rise of the prices of the natural gas, Sasho Donchev, CEO of Overgaz, reported. Currently its price in Bulgaria is the lowest one in Europe. The fragmentation of the Russian giant will affect Bulgaria and shake the trust of the banks- creditors in the company, the head of Overgaz stipulates. The investments` program of the Russian-based company worths $ 18 Bln. The trends of the European market of natural fuel show increased consumption and decreased supply, elaborated Donchev. In Russia there are 40 more companies producers of gas and Bulgaria relies entirely on the gas supplies from there.
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