Nov 10, 2010

Europe's Natural-Gas Oversupply Will Last a Decade, E.ON Ruhrgas CEO Says



Europe’s natural-gas oversupply will remain for the next decade, E.ON Ruhrgas AG’s chief executive officer said today in Berlin.“The gas glut will remain for the next decade,” Klaus Schaefer, the head of E.ON AG’s natural-gas unit, said at the European Autumn Gas Conference. “A return to the equilibrium is still some way out.”
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Source: Bloomberg

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