Thu, 05 Jul 2012 05:53:47 CDT
LONDON - In accepting a price cut for its gas supplies to Europe and paying billions to build the South Stream pipeline, Gazprom is paying a high short-term price to protect its long-term position as Europe's dominant gas supplier. Earlier this week, Russia's Gazprom gave in to customer pressure and offered German utility E.ON a price cut on its long-term gas supplies, boding well for...
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