Gazprom Targets 5% Rise in Gas Exports to Europe in 2015

World » RUSSIA | May 28, 2015, Thursday // 21:21| Views: | Comments: 0
Bulgaria: Gazprom Targets 5% Rise in Gas Exports to Europe in 2015

Gazprom CEO Alexei Miller has said the Russian gas giant will increase its exports to European customers by 5% this year compared to 2014, TASS reported.

Speaking at a business conference in Belgrade, Serbia on Thursday, Miller said the rise in Russian gas exports will come as a result of a drop in gas output in Europe.

Declining production in Europe will be dominant factor over the next 15 years, he said, according to TASS.

Miller also said that Gazprom’s current share of 30% of the European gas market could increase to 35% by 2020.

Gazprom’s exports to customers in western and central Europe dropped by 9.3% to 146.6 billion cubic meters last year. While gas exports to Germany and Italy decreased by 3.8% and 14.4%, respectively, exports to Turkey rose by 2.3%.

We need your support so can keep delivering news and information about Bulgaria! Thank you!

Russia » Be a reporter: Write and send your article
Tags: Russia, europe, gas, Miller, exports, production
Advertisement All Are Welcome! Join Now!
Bulgaria news (Sofia News Agency - is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." (Sofia News Agency - and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria