Russia’s Gazprom fully restores Europe gas flows
2/20/2012 12:00:00 AM
By JACOB GRONHOLT-PEDERSEN
Russia has fully restored natural gas shipments to Europe, the country's state gas firm said Monday, after it had been unable to meet rising demand in recent weeks due to cold weather across the continent.
"Gazprom has restored in full natural gas supplies to cover demand of European customers," said deputy CEO Alexander Medvedev of Russia's state gas monopoly OAO Gazprom in a statement.
Europe relies on Russia for over a quarter of its gas needs, but supplies have been curtailed since late January as particularly cold winter weather increased Russia's domestic demand and Gazprom failed to increase production to meet the higher demand.
Dow Jones Newswires
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