Russia: Gazprom BoD Talks on Increasing Gas Supplies to Europe

The Gazprom Board of Directors took notice of the information about the potential of increasing gas supplies to Europe.

The meeting approved the current policy aimed at maintaining and reinforcing Gazprom’s standing in the European market.

The Board appreciated the Company’s efforts on consistent adapting to the changes on the European market in Russian gas supply contracts, while keeping their basic provisions intact. The said measures improved the Russian gas competitive ability, thus increasing Gazprom’s share in the European market to 27 per cent (from 24 per cent in 2010) in 2011 as well as boosting Russian gas supplies to Europe by 7.9 per cent versus 2010.

The Management Committee was tasked to continue the efforts on boosting gas supplies to Europe.

[mappress]
LNG World News Staff, April 27, 2012