Competition over access to energy sources set to grow-Gazprom CEO

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Speaking at the 23rd World Gas Conference in Amsterdam, Alexei Miller said the company's principal product - natural gas - was in demand both in the East and West, while modern technology made it also competitive in North America.

AMSTERDAM, June 6 (RIA Novosti) - Competition over access to energy resources between the three largest natural gas markets will continue to grow, Gazprom's chief executive said Tuesday.

Speaking at the 23rd World Gas Conference in Amsterdam, Alexei Miller said the company's principal product - natural gas - was in demand both in the East and West, while modern technology made it also competitive in North America.

"Competition for access to energy resources between the world's three largest gas markets - Europe, Asia Pacific, and North America - will be increasing," he said.

Miller said he was sure that companies combining traditional and new technologies for natural gas transportation and storage were the strongest market players.

He said liquefied natural gas deliveries would not in the foreseeable future prevail over tried-and-tested gas transportation schemes and technologies, while Russia's proximity to European consumers guaranteed the cheapest and most effective gas supply terms.

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