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Page added on January 23, 2006

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‘We say maybe’: Gazprom set to pounce on UK gas market

A company source, asked if Gazprom was weighing up a bid for Centrica, whose British Gas subsidiary has around 16 million customers, said this weekend: “We say maybe.”

But senior UK politicians have expressed worries over a big UK energy company like Centrica ending up in the hands of Gazprom. Liberal Democrat trade and industry spokesman Norman Lamb said competition regulators should examine whether such a takeover would give Gazprom a cross- monopoly in continental Europe and the UK.

The Independent



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