Gazprom, Vitol to Enhance Gas Power Cooperation

St. Petersburg hosted a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Ian Taylor, President of Vitol Group.

The parties addressed the issues of bilateral cooperation. Special attention was paid to further development of Gazprom’s underground gas storage business in Europe as well as cooperation prospects in gas-fired power generation, particularly, in the UK and France. The meeting noted that Europe saw a steadily growing demand for Russian natural gas and highlighted the urgency of building up gas storage capacities in proximity to European consumers.

The parties outlined specific steps aimed at developing joint activities in the power generation sector based on Russian natural gas.

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LNG World News Staff, December 2, 2013; Image: Gazprom