Finance

Russia supplied nearly one-third of EU gas, says Gazprom

Russia supplied nearly one-third of EU gas, says Gazprom September 4, 2018Leave a comment
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MOSCOW (Russia): Russia supplied nearly still another of Europe’s gas needs in 2016, growing amount despite tensions while using Eu as well as a desire from the bloc to scale back its attachment to Russian supplies.

The latest issue of Gazprom’s magazine Blue Fuel said “the proportion of Gazprom\’s gas in Europe grows steadily and it has almost reached about 1/3rd while in the European gas consumption”.

The company has estimated it supplied 31% of European gas supplies in 2015, that was already an archive.

“We\’ve been also motivated to strike this current year an utter record of annual gas exports, both Soviet times and the history of modern Russia,” it added.

The EU overall imports around 1 / 2 of its gas needs, even so the bloc has grown to be increasingly focused on Gazprom’s role as being a dominant supplier since Russian supplies were twice disrupted during price disputes with Ukraine.

With some eastern European states nearly completely relying on Russian gas, the EU suspected Gazprom could possibly have abused its dominant position to charge higher prices and opened a probe.

Talks forwards and backwards sides have progressed lately on reaching an amicable agreement where Gazprom avoids paying a great.

For months, Gazprom officials are actually arguing which the increasing shipments despite greater accessibility of liquefied propane signifies that Europe can’t do without Russian gas and ought to give the construction of extra pipelines.

“Gazprom continues to be the only supplier in the position to securely provide significant additional volumes for their clients in Europe,” said this company magazine.

-AFP

 

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