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10/29, 2:56 PM (Source: TeleTrader)
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Putin: Gas exports key for Russian economy

Russian President Vladimir Putin pointed out on Thursday, during the 12th VTB Capital Investment Forum, the importance of further exploitation of national gas deposits to enhance exports that "provide additional elements of competitiveness for the Russian economy."

Putin's statement came after an article by Russian Energy Minister Alexander Novak in the Energy Policy magazine, which claimed European Union countries are interested in the supply of Russian "blue fuel."

Putin also emphasized the stability that Gazprom can maintain through an ensured break-even operation, not just due to gas exports, but also based on a nationwide gasification plan.

Breaking the News / CG