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Gazprom ready to meet Asian gas demands despite the plans to build South Stream

March 06, 2012, 17:34 UTC+3
The Russian gas major Gazprom is ready to meet the full gas demand on Asian markets despite the plans to build a South Stream gas pipeline
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MOSCOW, March 6 (Itar-Tass) —— The Russian gas major Gazprom is ready to meet the full gas demand on Asian markets despite the plans to build a South Stream gas pipeline according to the variant for the highest production capacity, Gazprom CEO Alexei Miller told reporters in reply to a question about Gazprom’s possibilities to meet the gas demand on the Asian markets taking into account the plans for the South Stream gas project.

It was earlier reported that the company decided to build the South Stream gas project with the highest output of 63 billion cubic meters of gas.

“We have the unique largest gas reserves in eastern Russia and are ready to meet the full gas demand on the Asian markets, we are not concerned even with the rapidly growing gas demand, for instance, in Japan, where the gas demand is estimated at up to 100 million tonnes of liquefied natural gas in 2012 that is about 30% more for a year,” Miller underlined.

 

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