By Nicholas Comfort
Feb. 6 (Bloomberg) -- RWE AG, Germany’s second-largest utility, said while the halt of Russian natural gas supplies via Ukraine last month had “considerable financial implications” it won’t sue exporter OAO Gazprom for damages.
Stefan Judisch, RWE Supply & Trading managing director, made the remarks in Essen yesterday, as reported by Financial Times Deutschland, RWE spokesman Michael Rosen confirmed by phone today.
Chief Executive Officer Juergen Grossmann last month said the halt in Russian gas shipments via Ukraine, affecting more than 20 European countries for a fortnight, “didn’t cost us anything” even as it sold the gas at a discount to eastern European customers.
RWE sent gas to Czech and Slovakian clients, supplied using existing contracts with Norwegian producers, own reserves and spot-market purchases, Rosen said.
The Essen-based utility hasn’t yet determined the total cost of the supply disruption, the spokesman said, without detailing the volumes sent.
RWE is in regular contact with Gazprom, Rosen said, without specifying when the next meeting will take place.
To contact the reporter on this story: Nicholas Comfort in Frankfurt at ncomfort1@bloomberg.net
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