RT: Gazprom to remain Europe’s key gas supplier

Russia’s Gazprom says it will increase gas exports to Europe by 5 to 8 percent to 160 billion cubic meters in the next three years, and thus remain the largest gas supplier in Europe.

Deputy CEO Aleksandr Medvedev said the company expects exports to Europe to increase by 8 percent by 2017. Talking at an investor day in Hong Kong he said the volume of gas sold could reach 155-160 billion cubic meters.

"Given the continuing gradual reduction of gas production in Europe, Gazprom supplies to European countries are expected to be restored in the mid-term and will be about 155-160 billion cubic meters per year," he said.

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