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).

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer