Iranian ambassador: Russia honors all commitments on S-300 supplies to TehranWorld October 26, 9:04
Kyrgyz president signs decree on government’s resignationWorld October 26, 8:47
Display of rare impressionist masterpieces from Russian collector wows Parisian art loversSociety & Culture October 26, 8:46
Russia ready to resume humanitarian pauses in AleppoWorld October 26, 7:42
Muscovites commemorate Nord-Ost terrorist attack victimsSociety & Culture October 26, 7:41
Three young men detained in Moscow for throwing flares at US ambassador’s residenceWorld October 25, 22:02
Kremlin gives no comment on alleged US carte blanche to Russia for Aleppo operationRussian Politics & Diplomacy October 25, 21:44
German ARD TV channel to go any length to win case against Russian athlete — lawyerSport October 25, 21:24
Russian, German top diplomats discuss humanitarian situation in Aleppo — ministryRussian Politics & Diplomacy October 25, 20:09
BRUSSELS, May 30 (Itar-Tass) - Russia’s gas giant Gazprom forecasts that by 2020 Europe will need additionally 80 billion cubic meters of gas, Gazprom deputy CEO and Gazprom Export Director-General Alexander Medvedev said in his opening remarks to the eighth international conference Energy Dialogue: Russia-EU. Gas Aspect.
“We have no doubt that Europe will need extra gas volumes,” he said. “According to the forecasts, by 2025 the demand for imported gas in addition to the existing one will reach 145 billion cubic meters a year and by 2030 it will grow to 200 billion cubic meters a year.”
“Even if we do not look too far ahead and take the year of 2020 that in fact will start tomorrow, a minimum of 80 billion cubic meters of imported gas will be needed additionally,” Medvedev said.
He explained this was connected with accelerated reduction of Europe’s own production.
“There are no transport capacities for supplying this gas either through pipelines or in the form of LNG,” Medvedev said.
In this context he recalled that “the investment cycle is long” and recommended to take a decision “already today.”
“We are ready to supply as much gas as Europe will need or want,” Medvedev said.