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More Russian gas to go through Slovakia

MORE Russian gas will pass through the Slovak gas utility, Slovenský plynárenský priemysel (SPP), to Western Europe from 2007, the daily Pravda reported.

The Austrian company OMV, has signed an agreement with Russian Gazprom on the shipment of 4.4 billion cubic metres of gas annually in the years 2007 to 2020. The Russian gas will flow from Russia into Austria through Slovakia.

"Increased shipments of gas are the concern of SPP," Dana Kršáková, spokeswoman for SPP confirmed to the daily.

Last year, SPP transported 82.7 billion cubic metres of gas, which represents about two-thirds of Russian exports to Europe.

According to the daily, profit from transit fees for gas represents two thirds of SPP’s overall profits. Last year SPP reached a profit of Sk27.2 billion (€690 million).

Compiled by Marta Ďurianová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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