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Russian Gas Producer Making Gains in U.S. Coop Market

Gazprom, a Russian gas producer, and Associated Electric Cooperative have entered into a long-term contract, which provides that Gazprom will supply natural gas to Associated Electric Cooperative's St. Francis power plant in Missouri.  The plant consumes
October 10, 2011

Gazprom, a Russian gas producer, and Associated Electric Cooperative have entered into a long-term contract, which provides that Gazprom will supply natural gas to Associated Electric Cooperative's St. Francis power plant in Missouri.  The plant consumes as much as 86 million cubic feet of natural gas per day, and the contract will run through August 2034.  The Russian company is rapidly expanding and plans to gain a 10 percent share of the U.S. natural gas market by 2020.  Reuters has more details on the deal.

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