Gazprom Reported to Have Cut Prices in EU and Turkey
"Our partners asked us to revise our prices and ... what we did is correct the parameters of our formula, which led to a relative price reduction of 10 per cent on average," he said.
"The new price will ensure that Russian gas remains competitive."
Gazprom has come under increasing pressure in the last year to lower its gas prices, which are linked to oil-prices, keeping the price higher than market levels should allow, its customers have said.
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