13:42 GMT +316 June 2019
Listen Live
    Gazprom Chairman of the Board Alexei Miller visits the ETERNO shop of the Chelyabinsk Pipe-Rolling Plant

    EU's Current Demand for Russian Gas Renders Nord Stream 2 Insufficient - CEO

    © Sputnik / Sergey Guneev
    Europe
    Get short URL
    St. Petersburg International Economic Forum 2017 (183)
    0 34

    The Nord Stream 2 pipeline will not be able to satisfy the EU's demand for Russian gas, Gazprom energy company CEO Alexey Miller said Thursday.

    ST. PETERSBURG (Sputnik) — The Nord Stream 2 pipeline will not be able to satisfy the European Union's demand for Russian gas if it continues at the current pace, Gazprom energy company CEO Alexey Miller said Thursday.

    "There are 2.5 years left before Nord Stream 2 is put into operation. If the growth rate of demand for Russian gas continues at the same pace, as we have seen in the last year and a half, then in my opinion Nord Stream 2 will not be enough to satisfy the urgent demand for Russian gas in the European market," Miller said.

    Noted that gas supplies from Norway, the Netherlands and Qatar have decreased as Russian exports have grown during the same period.

    Miller also specified that Gazprom's deliveries of 543 million cubic meters of gas to Europe as of June 1 equaled average daily deliveries during the winter.

    He spoke at the St. Petersburg International Economic Forum (SPIEF), where Sputnik is the official media partner.

    Topic:
    St. Petersburg International Economic Forum 2017 (183)

    Related:

    Russia to Overcome EU Members' Opposition to Nord Stream 2 Project - Envoy
    Russia Slams Latvia for Decision to Abandon Nord Stream 2 Project
    Nord Stream 2 Pipeline Needs No Special Agreement Between EU, Russia
    Germany Supports Nord Stream 2 Gas Pipeline
    Tags:
    Nord Stream-2, St. Petersburg International Economic Forum (SPIEF) 2017, Gazprom, Alexei Miller, Russia
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik