Gazprom can acquire Baku and Absheron’s gas network

Russian Gazprom Company interests in buying of stakes in German E.ON Company and its subsidiary Company E.ON Ruhrgas, Gazprom CEO Alexey Miller told Süddeutsche Zeitung.

German politicians and experts expressed opinions to Gazprom’s this intention. Although, some experts think that, this transaction will have a positive impact on country’s economy, others consider that, the issue must be researched from the standpoint of anti-monopoly and competition legislation. Along with this, E.ON’s positin on this issue is unknown, yet.

Note that, the Gazprom’s this initiative occurs, its results can be showed in management of Baku and Absheron’s gas network. Note that, Azerigas PU has completed the selection of Subcontract Company for reconstruction of gas distributor networks of Baku and Absheron. The selection was between E.ON and RWE Companies. Head of Azerigas Akbar Hajiyev said that, E.ON has won the tender: "The contract with this company is drafted, at present".

Reconstruction of gas network will be completed by the end of 2011. Implementation of project will start in 2012: "Reconstruction works of Baku’s gas system will take near 10 years. All of these works need 800-900 Euros".


/APA/