Gazprom threatens to cut gas exports to Bosnia

Russian gas giant OAO Gazprom threatened to cut natural gas exports to Bosnia on Oct. 1 unless Bosnia begins to pay its debt, Bosnian state-controlled gas importer Energoinvest said in a statement.

Aug. 25, 2006

By OGJ editors
HOUSTON, Aug. 25 -- Russian gas giant OAO Gazprom threatened to cut natural gas exports to Bosnia on Oct. 1 unless Bosnia begins to pay its debt, Bosnian state-controlled gas importer Energoinvest said in a statement.

Bosnia, which receives all its gas from Russia, owes Gazprom nearly $105 million from 1992-95. Representatives of Energoinvest and BH-Gas, Bosnia's state gas transportation company, met with Gazprom in Moscow on Aug. 22.

Gazprom shut off gas exports to Ukraine last winter until Ukraine agreed to double the price it pays for gas (OGJ, Mar. 20, 2006, p. 57).