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Alexei Miller: Gazprom still sees Europe as first market

23 September 2014
Consumers
energynomics

Europe remains the main market for Gazprom, said the Russian giant’s chief executive, Alexei Miller, quoted by RIA Novosti. “The European market is the main market for us and we are the main supplier for Europe”, said Miller in an international forum on investment.

In this regard, he indicated that the share of Russian hydrocarbon resources in Europe’s imports in 2014 will exceed 64%, which is 17% higher than four years ago, according to Agerpres.

Miller also said: “Since 2010, the share of Russian gas in European Union consumption increased to 30%. Four years ago, this figure was 23%. But what is even more remarkable is that the share of imports of Russian gas to the European Union by the end of 2014 will exceed 64%, an increase of 17% in the past four years.”

According to RIA Novosti, some European experts have expressed their concern about the possible turn Russia takes via-a-vis Asia, because this May Gazprom and CNPC signed a contract worth 400 billion dollars for the delivery to China of 38 billion cubic meters of gas over a period of 30 years. These deliveries would be made from the fields of Eastern Siberia.

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