Voice of America: Gazprom to Meet Rising Gas Demand in Europe
Russia's top natural gas producer Gazprom said it would be able to meet Europe's rising demand for gas thanks to new projects, even while the European Union is aiming to reduce its energy dependence on Moscow.
“According to most of the scenarios, which have been reviewed, long-term gas demand will increase in the European market, a key one for Gazprom, against the background of its [Europe's] own production decline,” Gazprom said in a statement on Tuesday after its board meeting.
Supplies to Europe can be increased via the Nord Stream undersea pipeline as well as through the proposed South Stream link, which is expected to start operating next year, the company specified.