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News // Russia

Gazprom and Italy discuss ongoing efforts to create southern route for Russian gas supplies to Europe

21 March 2018 , 10:11Neftegaz.RU620

Moscow, 21 March - Neftegaz.RU. A working meeting between Alexey Miller, Gazprom´s CEO, and Pasquale Terracciano, Ambassador of Italy in Russia, took place on March 20, 2018.

 

The parties noted that Gazprom had been a reliable supplier of gas to Italy for several decades. The country is currently the 3rd-largest importer of Russian gas. According to preliminary data, Russia’s gas exports to Italy grew by 99 % in March 1–19, 2018, compared to the same period of last year.

 

Particular attention at the meeting was paid to the diversification of gas export routes from Russia to Europe. The parties reviewed the ongoing efforts to establish a southern supply route stretching across the Black Sea.

 

Alexey Miller informed Pasquale Terracciano of the completion of over 50 % of the offshore section of the Turkish Stream gas pipeline. It was highlighted that the 2nd string of the pipeline would provide European consumers with 15.75 billion cubic meters of gas annually.

 

In 2017, a total of 23.8 billion cubic meters of Russian gas was delivered to Italy. Gazprom’s main partners in the Italian market are Eni and Edison.

 

To read the article in Russian.

 

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