Gazprom Plans to Further Increase Gas Exports to Non-CIS Countries

Russia | June 23, 2016, Thursday // 17:18|  views

Alexander Medvedev.. Photo EPA/BGNES

Gazprom plans to export at least 165 billion cubic meters of gas to non-CIS countries in 2016, the deputy chairman of the management board, Alexander Medvedev, has said.

The Russian gas giant’s exports to non-CIS countrues had increased by 8% year-on-year in 2015, reaching 159.4 billion cubic meters, Medvedev said at an international conference in Berlin on the prospects of cooperation between Russia and the EU in the gas sector, TASS reported on Thursday.

According to Gazprom CEO Alexey Miller, the main factor for the annual increase of company’s gas exports to non-CIS countries by 11.8 billion cubic meters was the drop in the volume of gas production in Europe. Miller believes that Russian gas supplies to Europe will continue to increase, which confirms the need to build the Nord Stream-2 gas pipeline, according to TASS.

In September 2015, Gazprom signed a shareholders' agreement with BASF, E.ON, Engie, OMV and Shell to build Nord Stream-2. The projected pipeline with capacity of 55 billion cubic meters per year will cross the Baltic Sea to supply gas directly to Germany, the UK, the Netherlands, France, Denmark and other countries, bypassing Ukraine.


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Tags: Gazprom, gas, exports, non-CIS, Medvedev, Miller, Nord Stream


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