03:39 GMT +315 December 2019
Listen Live
    Launch of second section of Nord Stream gas pipeline

    Gazprom Share on European Gas Market to Continue Growing

    © Sputnik / Alexey Kudenko
    Get short URL
    0 24

    Share of Russia's energy giant Gazprom on the European gas market will continue to grow regardless of US supplies of liquefied natural gas (LNG) to the region, company's CEO Alexei Miller said Thursday.

    MOSCOW (Sputnik) — Earlier, Gazprom said that it may export over 165 billion cubic meters of gas to Europe in 2016.

    "We are not worried about supplies of American LNG to the European market…Whether they deliver LNG to Europe or not, the share of Gazprom's gas supplies to Europe will continue to grow," Miller said following Gazprom's annual shareholders meeting.

    In 2015, the company supplied 158.5 billion cubic meters of gas to Europe, while its total export to countries outside the Commonwealth of Independent States (CIS) has increased by 28 percent in the first quarter of 2016, according to the company.

    Previously, the deputy chair said that Gazprom's losses from declining gas prices have been partially offset by increasing output.


    Gazprom Expects to Keep Exports to Europe Above 160Bln Cubic Meters
    Gazprom Expects Gas Exports to Europe to Reach Record Levels in 2016
    Gazprom Will Always be 'Lucrative, Reliable Partner for Europe'
    gas, Gazprom, Europe, Russia
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik