Russian gas giant to enter Irish market

The world’s largest natural gas company is planning to enter the Irish electricity market as part of an overall expansion into Europe.

30th June, 2007

The world’s largest natural gas company is planning to enter the Irish electricity market as part of an overall expansion into Europe.

The state-owned Russian gas monopoly, Gazprom, which doubled its profits to $23.75 billion last year, announced plans last Friday to increase its business in five European countries, including Ireland and France.

Gazprom supplies a quarter of Europe’s gas and plans to build a power plant in Germany to reach customers directly....

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