Gazprom Plans

Russian gas monopoly Gazprom plans major price hikes for its European customers in 2007, Vedomosti business daily reported on Monday, Nov. 27, citing the company

A proposed price hike has alarmed Belarus, which is deeply dependent on Russian economic support, including subsidized energy. In September, President Alexander Lukashenko warned he would cut all ties with Russia if forced to pay a fourfold increase.

Kommersant daily reported that steep rises are also planned for clients in the three Baltic states