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Thursday, January 22, 2009

E.ON says to invest 4 bln eur in gas grid

E.ONESSEN, Germany Jan 22 (Reuters by Annelie Palmen) - Germany's E.ON (EONGn.DE), Europe's second-largest utility, said it plans to invest 4 billion euros ($5.19 billion) in its gas grid, detailing for the first time which part of its 63 billion euros investment program is earmarked for gas. Gas unit Ruhrgas's head Bernhard Reutersberg specified the investments at a press briefing on Thursday. The company has been receiving gas again via the pipeline that runs through the Ukraine from Wednesday, Reutersberg said. E.ON might claim damages from Gazprom (GAZP.MM) for the gas it did not receive after Gazprom shut down deliveries through the Ukraine, Reutersberg said.

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