28.12.2014 - 11:50 [ Moscow Times ]

Russia‘s Gazprom Wants to Raise Domestic Gas Prices as Ruble Plunge Hits Margins

(11.12) With oil prices at five-year lows and Russia‘s ruble tumbling after them, Russia‘s Gazprom has once again drawn attention to the incredibly low gas prices it is forced to set on the domestic market.

Gazprom makes huge sums by selling gas abroad under long-term contracts that are tied to the oil price, but its domestic prices are controlled by the government — at what the company says are economically unviable levels.