Russian Gov't Allows Energy Giant Rosneft to Deliver Gas to Europe

© Sputnik / Alexandr Demyanchuk / Go to the mediabankA file photo of the Rosneft pavilion at the 2015 St. Petersburg International Economic Forum
A file photo of the Rosneft pavilion at the 2015 St. Petersburg International Economic Forum - Sputnik International
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The Russian government has allowed the country's energy giant Rosneft to export pipeline gas to Europe, local media reported Thursday, citing a government official.

MOSCOW (Sputnik) — Previously, only Gazprom had the right for pipeline gas exports to Europe. As Rosneft issued a bid for gas exports to the region, the government said it would respond by early May.

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"The company will be granted the right to export, but through a single export channel. Now, Rosneft and Gazprom Export should prepare an agent agreement," the official told the Izvestia newspaper.

The agreed deliveries will reach up to 25 billion cubic meters of gas annually.

Another source told the newspaper that Rosneft was expected to deliver the Russian gas via the Interconnector pipeline, which lies between the United Kingdom and continental Europe.

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