Gazprom wants to sell power to British
UNITED KINGDOM - Russian gas giant Gazprom has taken steps to be allowed to sell electricity in Britain.
In order to sell electricity, Gazprom needs approval from the Office of Gas and Electricity Markets, Britain's energy regulator, and a license to sell power to commercial and industrial users, the Daily Mail reports.
Gazprom's British unit, Gazprom Marketing and Trading, hopes to obtain the necessary license by May so the company can start to offer electricity packages to potential customers.
Gazprom already has about 14,000 gas service customers and hopes to expand its British business to electricity.
Market analysts have reported the Russian company might try entering the British electricity market by purchasing an existing local company like Centrica.
Related News
India to Ration Coal Supplies as Electricity Demand Surges
DELHI - India will ration coal supplies to power plants with high inventories to direct more shipments to stations battling shortages as surging demand outstrips production.
Supplies to plants with more than two weeks’ coal inventory will be halted for a week, a team headed by federal Coal Secretary Alok Kumar decided on Saturday, the Power Ministry said in a statement. The government has also requested smaller mines to raise output to supplement shipments from state miner Coal India Ltd.
A jump in electricity consumption spurred by a reviving economy and an extended summer is driving demand for coal, which helps produce…
