OAO Gazprom Plans to Revise Prices

Business Week reported that OAO Gazprom (OTC Pink:OGZPY) plans to revise prices due to an accord it will sign with E.ON AG.

As quoted in the market news:

Gazprom’s deal with EON is “conceptually the same” as an earlier agreement with Germany’s Wingas GmbH, Medvedev said. The gas producer, the world’s largest, won’t increase the weight of spot pricing in the formula, Medvedev said.

Click here to read the full Business Week report.