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Russian Gazprom is reliable energy supplier · 2007-10-04 14:00

Gazprom, www.russiablog.orgThe European Commission said on Wednesday it sees Gazprom as a reliable energy supplier and welcomed its prior notification to Brussels of possible supply disruptions through Ukraine.

“In general terms we consider that Gazprom is a reliable supplier. We certainly consider that it’s positive that they have informed the Commission before taking any decision on that (Ukraine disruption),” a Commission spokesman told a briefing.

Gazprom warned the European Union on Tuesday about possible delivery problems to Ukraine, through which most of Russia’s gas exports to Europe flow, Reuters informs.

According to RIA Novosti, Gazprom’s CEO and Ukraine’s fuel and energy minister agreed on Wednesday that Ukraine would repay its $1.3 billion gas debt by November 1.

Alexei Miller and Yuriy Boiko met after Gazprom threatened on Tuesday to cut supplies to Ukraine in October if the country failed to settle the debt. The situation was reminiscent of a bitter price row in early 2006, when Moscow briefly cut off exports to its former Soviet ally stirring European consumers’ concerns.

“An agreement was reached that Ukraine’s current government will take the problem under its control and ensure payment of the debt before November 1,” Gazprom’s press office said.

Russian First Deputy Prime Minister Dmitry Medvedev, and chairman of Gazprom’s board of directors, who also attended the meeting said the parties had agreed to avoid similar problems in the future, and that European consumers would not be affected.

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