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Gazprom believes renewables can't threaten gas supplies to Europe — CEO

Gazprom may increase its gas export to Europe up to 170 bln cubic meters in 2016

© EPA/RITCHIE B. TONGO

MOSCOW, June 30. /TASS/. Gazprom does not believe renewable energy sources may threaten its gas supplies to Europe, Chief Executive Officer of the Russian gas holding Alexei Miller said on Thursday.

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Is US liquefied gas capable of ousting Russian gas from European market?

"My opinion in respect of renewable energy sources is that expectations are probably extremely overstated," Miller said. Germany is main partner of Gazprom and simultaneously the leader in renewable energy sources, he said. "Germany set a record last year - 45.4 bln cubic meters of gas per year and shows outstanding growth of 1.5 bln cubic meters of gas yearly. At the same time, this country takes the lead in renewable energy sources," Miller added.

Gazprom may increase its gas export to Europe up to 170 bln cubic meters in 2016, Miller said earlier.

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FACTBOX: Collective Security Treaty Organization

The Collective Security Treaty came into force on April 20, 1994 to herald the emergence what would eventually become the Collective Security Treaty Organization. The six member-countries are Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan

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