EBRD calls for Gazprom break-up

The European Bank for Reconstruction & Development has called for the breakup of Gazprom in order to encourage competition in Russia's gas supply sector. EBRD's recommendation is a repeat of a similar call made some time ago by the International Monetary Fund.Such appeals have been made routinely during the past few years and have just as routinely been rebuffed by Russia.Speaking at the World Gas Conference in Nice last month, Gazprom Chairman Rem Vyakhirev said the company would not be split into separate transportation and distribution companies, at least not in 2000. But many observers believe that, sooner or later, the company will be split up, as there are several objective ...

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