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News Summary: Gazprom EU partners want price cuts

GAS PAINS: Russian energy giant Gazprom is spending billions to expand its footprint in Europe. But it will have to tread carefully As global natural gas supplies surge and prices fall, giving European utilities and businesses more leverage in supply contracts. Full story

Russia's Gazprom to buy Kyrgyz state gas company

Kyrgyzstan's state-owned natural gas company says it is to be sold to Russia's energy monopoly Gazprom, raising hopes of an end to debilitating energy shortages in the impoverished Central Asian nation. Full story

Gazprom rival may win export rights for LNG: oil minister

MOSCOW (Reuters) - The Energy Ministry may make an exception to Gazprom's <GAZP.MM> monopoly on gas exports for an independent liquefied natural gas project that could help break Russia's dependence on Europe's declining market for its pipeline gas. Full story

RWE in landmark win over Gazprom crucial contract clause

PRAGUE/MOSCOW (Reuters) - RWE Transgas, the Czech unit of Germany's RWE <RWEG.DE>, has won a landmark dispute with Gazprom <GAZP.MM> over gas contracts, after a court ruled for the first time that a company did not have to pay fines under a "take-or-pay" clause. Full story

Putin tells Russian gas exporters to look east

BOVANENKOVO/NOVO-OGARYOVO, Russia (Reuters) - President Vladimir Putin ordered a rethink of Russia's natural gas export policy to take advantage of rising Asian demand, as giant producer Gazprom launched a huge Arctic field to supply Europe, where demand is falling. Full story

Gazprom says tax rises curb upstream investments

SOCHI, Russia (Reuters) - Gazprom <GAZP.MM> will not be able to make investment decisions about the development of the Yamal peninsula and other strategic regions due to proposed tax increases, which will also hit production, the head of Russia's largest gas producer said on Friday. Full story

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Related Photos

File photo of a general view of the headquarters of Russian gas giant Gazprom in Moscow
File photo of a general view of the headquarters of Russian gas giant Gazprom in Moscow

A general view of the headquarters of Russian gas giant Gazprom is seen in Moscow in this June 29, 2012 file photo. A weakening rouble more than doubled third-quarter net income at Russia's gas export monopoly Gazprom, beating analysts' forecasts, the company said on Thursday. REUTERS/Maxim Shemetov

Gazprom's Chief Executive Officer Miller takes part in a ceremony to open a gas-distributing station near the village of Atolino
Gazprom's Chief Executive Officer Miller takes part in a ceremony to open a gas-distributing station near the village of Atolino

Gazprom's Chief Executive Officer Alexei Miller takes part in a ceremony to open a gas-distributing station near the village of Atolino, some 20km south of Minsk, November 22, 2012. Russia's Gazprom and Belarus began discussions about an increase of fuel transit via Belarusian territory by the buil

Gazprom's Chief Executive Officer Miller speaks to the media after the ceremony to open a gas-distributing station near the village of Atolino
Gazprom's Chief Executive Officer Miller speaks to the media after the ceremony to open a gas-distributing station near the village of Atolino

Gazprom's Chief Executive Officer Alexei Miller speaks to the media after the ceremony to open a gas-distributing station near the village of Atolino, some 20 km south of Minsk, November 22, 2012. Russia's Gazprom and Belarus began discussions about an increase of fuel transit via Belarusian territo

Employee works at a gas-distributing station after it was opened near the village of Atolino
Employee works at a gas-distributing station after it was opened near the village of Atolino

An employee works at a gas-distributing station after it was opened near the village of Atolino, some 20km south of Minsk, November 22, 2012. Russia's Gazprom and Belarus began discussions about an increase of fuel transit via Belarusian territory by the building and reconstruction of gas transit c