Moscow, Jun 28 (IANS/RIA Novosti): Russian energy giant Gazprom will offer West European consumers 20 billion rubles ($615 million) in price discounts this year.
"Retroactive payments will amount to 20 billion rubles in 2012," Gazprom deputy CEO Yelena Vasilyeva said Thursday. Retroactive payment implies gas price discounts granted to consumers retroactively.
Gazprom cut gas prices for long-term contracts with European energy firms from early 2012 to bring them in line with trends on spot markets.