Currency converter
^
News Feed
News Search Topics
ОК
Use filter
You can filter your feed,
by choosing only interesting
sections.
Loading

Nord Stream to bring Gazprom share in Europe to 30 per cent

November 08, 2011, 12:44 UTC+3
The share of Gazprom on the European market will grow to reach 30 per cent by 2030 after the Nord Stream gas pipeline is put into effect
1 pages in this article

MOSCOW, November 8 (Itar-Tass) — The share of Gazprom on the European market will grow to reach 30 per cent by 2030 after the Nord Stream gas pipeline is put into effect, Gazprom spokesman Sergey Kupriyanov said in an interview with Russia Today TV Channel.

“So far as our share is concerned, we expect it to grow a little, from the present 25 per cent to 30 per cent by 2030,” he said.

“Our share on the market depends on how much gas we sold. In order to ensure gas deliveries by Nord Stream, we sold additionally 22 billion cubic metres of gas,” Kupriyanov continued. “The share is not the most important thing, however. One may occupy 100 per cent of the market, selling gas at the price of three kopecks, but is it the thing that we need? This is why we keep in sight our share on the market, but this is not a purpose in itself for us. The purpose for us is to ensure reliable gas deliveries to our consumers, not forgetting about our commercial interests.”

Responding to the question on how much time will be needed for Nord Stream to be repaid, he said that it would take some time. “Gas pipelines are not repaid quickly. They are built to function for 30 to 50 years,” he added.

Show more
In other media
Реклама
Реклама