Source Pravda.Ru

Gazprom to refinance $6bn debt before 2007

Gazprom will refinance its debt for up to $6bn before 2007, Gazprom deputyCEO Boris Yurlov announced at a meeting with representatives of the UnitedFinancial Group.The Gazprom official also reported that he and Economy Minister German Grefhad discussed the possibility of a significant increase in natural gasprices, i.e. not by 20 but by 50 percent. At present, the price for naturalgas is about $23-25 per 1,000 cubic meters on the domestic market..

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