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News // Russia

Alexander Novak: Gazprom eyes more supply contracts from Europe

26 December 2018 , 10:10Neftegaz.RU496

Moscow, December 26 - Neftegaz.RU. Gazprom is expected to set a new record for the annual amount of gas deliveries to Europe, indicating the need for new contracts with partners from the continent, said Russian Energy Minister Alexander Novak.

 

«This year we had an interesting event: for Gazprom's long-term export contracts have met the maximum annual amount of gas. This means the need to conclude additional pipeline contracts,» Novak told Kommersant in an interview.

 

Pipeline gas is the most competitive in Europe, the minister said. Alexander Novak also said Russia is ready to ensure gas deliveries under long-term contracts to the European Union in the absence of a new agreement on gas transit with Ukraine by December 2019.

 

According to the minister, a constructive dialogue with Ukraine was hampered by the legal dispute between Ukraine's energy company Naftogaz and Gazprom over the deliveries and transit of the Russian gas.

 

In early December, Deputy CEO of Gazprom, Alexander Medvedev, said the company's gas exports to Europe will exceed 200 billion cubic meters in 2018. The amount in 2017 was 194.4 billion m3, an all-time high since Russia started gas supply to Europe.

 

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