The dependence of Europe on gas to increase because of reduction of production at its own deposits, A.Novak

The increasing dependence of Europe on Russian gas is one of the causes of the discussion of the matter, concerning the construction of the third and fourth branches of the gas pipeline “Nord Stream”. The Minister of Energy of the Russian Federation A.Novak said, “Rossiyskaya Gazeta” writes.

“The dependence of Europe on gas imports will keep increasing as its own production at the deposits is decreasing,” Minister said.

“According to our calculations, an additional 100 billion cubic meters of fuel will be consumed by Europe,” Novak added.

The Energy Inspection Centre states “Nord Stream” is an export gas pipeline of 55 billion cubic meters of gas capacity a year. It goes under the Baltic Sea from Russia to Germany. The operator of the project is a joint venture Nord Stream AG (Gazprom-51%, Wintershall and E.ON – 15.5% each, Gasunie and ENGIE – 9% each).