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Gazprom to increase gas supplies to Europe - Miller

October 03, 2011, 13:43 UTC+3

Miller forecasted that the Russian company would expand its presence in the Asia-Pacific market

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NOVO-OGAREVO, October 3 (Itar-Tass) —— Gazprom plans to increase its supplies of gas to Europe, Gazprom’s CEO Alexei Miller told Russia’s Prime Minister Vladimir Putin during their meeting on Monday.

It is clear the tendency “will continue with growth of supplies of Russian gas to Europe,” he said.

Miller stressed that Europe experiences “turbulent processes, and consumption dynamics in Europe’s countries varies, but the growth of consumption is caused first of all by growth of supplies of gas to countries, which are the EU’s economic leaders.”

Miller forecasted that the Russian company would expand its presence in the Asia-Pacific market.

“The Eastern direction of our export policies will very soon, no doubt, bring positive results,” he said. “The amount of gas, which our eastern partners plan to buy, may approach the amount of our supplies to the European market.”

“It is necessary to consider it,” Putin replied and asked to present to him in the nearest time “detailed suggestions on development of cooperation in the Asian direction.”

Miller also reported that “over nine months, Gazprom showed very good results of its work.”

“In the domestic market, gas consumption was above the similar period of the pre-crisis year of 2008, which undoubtedly proves that the economy of the Russian Federation has overcome the crisis,” Miller said.

He continued saying that the company had “positive tendencies in the export direction, too.”

“Over nine months of 2011, we have exported by 25 billion cubic metres of gas more than during a similar period of the previous year,” Miller said.

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