How Alexei Miller defends Gazprom from opponents
Sense of possible buyback is to stimulate growth of the concern’s capitalization and to give its management additional “protection” in apparat wars
Less than a day before the opening ceremony of the XXII Winter Olympic Games, inhabitants of the planet were told that a "national treasure" of Russia is not oil and gas, but something quite different; not an image blow, but a financial one was delivered to the project "energy superpower". Gazprom’s CEO Alexey Miller and Lithuanian Prime Minister Algirdas Butkevicius “held talks on the "Third energy package of the EU" and "resolved all the key issues" in Sochi.
Translated from diplomatic language into Russian this means that the Russian company made concessions to Vilnius, which pressed for lower gas prices and changes in the conditions for payment of transit for a long time. If to take into account that "blue fuel" cost Lithuania much more expensive than many other countries of the Old World, we can congratulate our neighbors-Balts. And to sympathize with Gazprom, which businesses are not good as in the West, as in the East lately. Shortly before the actual surrender of the "Lithuanian springboard", it became known about the failure of the next deadline for the conclusion of a long-term contract on gas supply with CNPC. Moreover, Gazprom announced its readiness to grant a discount to China, but in exchange for prepayment.
