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UPDATE 1-Gazprom says no changes in contracts with Europe

Mon Sep 28, 2009 6:11pm IST
 
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* Gazprom says not in talks with companies on take-or-pay

* Government says unaware if the issue was raised

(Recasts after Gazprom and government comments)

MOSCOW, Sept 28 (Reuters) - Russian energy giant Gazprom (GAZP.MM: Quote, Profile, Research) said on Monday it was unlikely for it to review contracts on gas deliveries with European companies after a Russian newspaper report.

European consumers of Russian gas, including Germany, Italy and Turkey, plan this year to take up to $2.8 billion less gas than stipulated in take-or-pay contracts with Gazprom (GAZP.MM: Quote, Profile, Research), Kommersant business daily reported on its front page on Monday. Consumers plan talks with Gazprom to avoid payment after a sharp drop in gas demand this year and are citing Russia's lenience with Ukraine as a precedent, the paper said.

But Ilya Kochevrin, executive director of Gazprom's export unit, told Reuters the contracts should be honoured.

"There are agreements signed by both sides, and they should be fulfilled," he said, adding no company had approached Gazprom so far on the issue.

Russian Prime Minister Vladimir Putin this month agreed that Kiev could import much less gas in 2010 than previously agreed, saving Ukraine's fragile economy from potentially huge fines before an election early next year. [ID:nL1716728]   Continued...

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