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News // Companies

Gazprom To Sell Power to British

17 February 2009 , 05:44Ksenia Kochneva578
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.

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