Gazprom believe they will remain the largest gas supplier in Europe.
Gazprom, situated in Russia intends to expand gas exportation within Europe - which is expected to increase export from 5% to 8% within the upcoming three years. Another figure released by Deputy Ceo Medvedev, specifies that volume of gas sold within the three years can reach 155- 160 billion cubic meters. This predicted increase may be due to the recent so-called ability of gas flow which could occur through Turkey - Which will allow Greece a European state to distribute it throughout Europe. Gazprom, with these statistics Gazprom believe they can cement their position as the Europeans largest gas supplier.
Deputy CEO Medvedev Statement's :
"Given the continuing gradual reduction of gas production in Europe, Gazprom supplies to European countries are expected to be restored in the mid-term and will be about 155-1
60 billion cubic meters per year,"
60 billion cubic meters per year,"
"Discussing raising long-term loans from several banks, including those from China and other Asian countries, and has no plans to change its dividend policy in response to the crisis."
>< Currently Gazprom has a share of 30% and are focused on increasing it. During 2013, gas exports decreased by 9%. At this time, the price of Russian gas fell to $341 from $385 per thousand cubic meters in 2013 - This may be the reason for such a bad year. Gazproms company’s forecast, predict gas demand within Europe to increase ; derived from the interest in gas powered vehicles and a declining development of nuclear energy as-well as the negation of gas production, which Medvedev states above.
Statements made by Lugai :
"The gap between the demand for gas and its production in the region can reach about 400 billion cubic meters per year by 2030. At the same time the need for Europe to import gas will be provided mainly by pipeline supplies from Russia, Norway and Algeria, as well as through LNG supplies."
"Gazprom plans to no longer buy 10 billion cubic meters of gas from Turkmenistan and Uzbekistan, replacing it with Russian gas."
>< In conclusion, Low production of gas in Europe is only asking for Gazprom to capitalise by supplying as-well as to keep an adamant place as Europe's Largest Gas supplier.
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