Europe still needs us, Gazprom says

28 Sep 2017   Russia

Russian energy company Gazprom said that, because of dwindling resources of its own, the European market was still largely dependent on its natural gas. The board of directors at the state-controlled company said Wednesday that Gazprom was the largest natural gas exporter in the world and the largest supplier to members of the European Union. “According to international industry experts, natural gas demand in the EU will remain stable in the long term,” the company said. “With domestic production in an ongoing slump, EU countries will need considerable amounts of additional imports, prompting suppliers, including Gazprom, to boost their exports to the region.” Russia meets about a quarter of the European demand for natural gas and most of that supply runs through Soviet-era pipelines […]

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