Monday, 31 January 2011

Alarm as Russian energy giant Gazprom grabs big business

Kremlin-controlled energy giant Gazprom has built up a dominant 20 per cent share in some sectors of Britain's business gas market in just over a year of frantic trading.

British rivals say they have not been able to compete because the prices being offered by the Russian group are so low.

One source at a leading energy company said: 'In any competition we lose every time to them. It is one of the reasons we are exiting some of the business markets.

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