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Europe to face gas deficit of 50 bln cubic meters in 2025 — Gazprom

June 09, 2015, 11:52 UTC+3
Gazprom will stop gas transit through Ukraine to Europe after 2019
1 pages in this article
© Valery Sharifulin/TASS

MOSCOW, June 9. /TASS/. Europe may face deficit of gas imports of a total of 50 bln cubic meters in 2025, Gazprom Deputy Chairman Alexander Medvedev said Monday.

By 2025, deficit in Europe will reach 80 bln cubic meters due to falling natural gas production while "Washington dreamers will hardly be able" to supply more than 50 bln cubic meters of gas to Europe a year, Medvedev said, adding that around 50 bln cubic meters is the import deficit which has no contracts and transport routes for supplying gas to Europe.

Gazprom won't prolong or sign a new transit contract with Ukraine

Medvedev also confirmed Gazprom will stop gas transit through Ukraine to Europe after 2019.

"After the expiry of the transit contract with Ukraine there will not be any prolongation nor signing of a new contract on any terms," he said.

Infographics Russia's gas pipelines to Europe by 2018 Russia's gas pipelines to Europe by 2018

Russia's gas giant Gazprom intends to completely abandon gas supplies to Europe through Ukraine after 2018 with the help of a new pipeline to Turkey. Infographics by TASS

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