Supply & Demand

Russia to export record volumes of gas to Europe in 2018 – Novak

The Russian Energy Ministry expects gas exports from Russia to Europe to hit record levels in 2018.
By Staff reporter 3 October 2018 0 32765

The Russian Energy Ministry expects gas exports from Russia to Europe to hit record levels in 2018, Energy Minister Alexander Novak said at the Russian Energy Week event in Moscow on Wednesday.

“Russian gas exports are increasing 6-7% per year. This year we will achieve new records for supplies to Europe,” he said.

Talking at the same event, Gazprom Deputy Chief Executive Alexander Medvedev said Europe may need 100 billion cubic metres per year of extra gas by 2030 because of falling production.

“The volume of additional imports...