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Gazprom CEO says Europe is Gazprom’s key market

December 21, 2012, 20:43 UTC+3

But Asia Pacific is most promising

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BRUSSELS, December 21 (Itar-Tass) —— Russia’s national gas utility Gazprom considers Europe as its key market but thinks the Asia-Pacific region is the most promising one, Gazprom CEO Alexei Miller said on Friday.

“The European market is number one for us and will be number one further on, but in terms of further growth of our supplies, it is not Europe but the Asia Pacific region is the most promising market,” he told journalists.

According to Miller, it is expected that the European gas market growth in 2012 will be a mere one percent, while in China this growth will reach 16 percent. “This tendency will stay in the next few decades,” Miller said and added that China’s gas consumption is expected to grow by hundreds of percent. “And prices on these markets are thrice as high as in Europe,” he noted.


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