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    Gazprom to cut prices for Europe

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    euronews (in English)

    by euronews (in English)

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    Russia's Gazprom is planning 3.5 billion euros worth of price cuts for its European customers this year

    The world's top gas producer is responding to falling demand due to Europe's economic slump, energy efficiency drives and competition from liquefied natural gas, especially in its main market, Germany.

    As a result it is amending long-term contracts with some European clients.

    ...
    http://www.euronews.net/