Gazprom seeks bigger gas market share in Europe after bumper exports
Russian company forecasts a decline in Europe’s gas output and rising demand
Vienna — Russia’s Gazprom is looking to gain an even larger gas market share in Europe following record-high 2018 exports, expecting a decline in Europe’s gas output combined with rising demand, a senior manager at the company said. In 2018 it sold more than 200-billion cubic metres of gas to Europe, including Turkey, while its gas market share in the region rose to more than a third. Elena Burmistrova, in charge of the Russian company’s exports, said Gazprom would be able to offset a production decline in the EU, mainly at the Netherlands’ Groningen, once Europe’s largest natural gas field. “North Sea production is also gradually declining... so, the space for Russian gas is being freed up,” she said on the sidelines of the European Gas conference in Vienna. EU gas production will halve by 2040, the Paris-based International Energy Agency has said. Moscow has piped gas to Europe from its fields in Siberia and northern Russia for more than 50 years. It can ill afford losing the lucr...
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