10/3/2018, 9:04 AM (Source: TeleTrader)
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Gazprom: New gas pipelines important for rising EU demand

Gas industry giant Gazprom's Deputy Chairman of the Board Alexander Medvedev stated on Wednesday that the growing demand for gas in Europe requires the construction of new routes, making Nord Stream 2 and Turkish Stream indispensable, TASS reported. During his speech at the Russian Energy Week summit, the businessman noted that Russia will hit another record in gas production in 2018.

"We will beat another record this year. But this record will actually bring us closer to the volume of contracted gas - 204.5 billion [cubic meters.] Therefore, the additional demand for gas will mean that we need to create new transport routes," highlighted Medvedev. That is why in his words, Nord Stream 2 and Turkish Stream are "vital for Europe."

Baha Breaking News (BBN) / VK