Gazprom says country supplied nearly one-third of EU gas

pulse

December 26, 2016 6:40 PM

The company has estimated it supplied 31 percent of European gas supplies in 2015, which was already a record.

Russian President Vladimir Putin (R) shakes hands with Gazprom CEO Alexei Miller after watching via a live video link the launch operations of the Vostochno-Messoyakhskoye oil field, in Novo-Ogaryovo residence outside Moscow on September 21, 2016

Russia supplied nearly a third of Europe's gas needs in 2016, a record amount despite tensions with the European Union and a desire by the bloc to reduce its dependence on Russian supplies.

The latest issue of Gazprom's magazine Blue Fuel said "the share of Gazprom?s gas in Europe grows steadily and has almost reached about 1/3rd in the European gas consumption".

"We are also on track to hit this year an absolute record of annual gas exports, both of Soviet times and the history of modern Russia," it added.

The EU overall imports around half of its natural gas needs, but the bloc has become increasingly concerned about Gazprom's role as a dominant supplier since Russian supplies were twice disrupted during price disputes with Ukraine.

With some eastern European states nearly completely dependent on Russian gas, the EU suspected Gazprom may have abused its dominant position to charge higher prices and opened a probe.

Talks between the two sides have progressed in recent months on reaching an amicable agreement where Gazprom avoids paying a fine.

For months, Gazprom officials have been arguing that the increasing shipments despite greater availability of liquefied natural gas shows that Europe can't do without Russian gas and should allow the construction of additional pipelines.

"Gazprom remains the only supplier able to securely provide significant additional volumes to its clients in Europe," said the company magazine.

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