Gazprom and E.ON discuss gas sector co-operation

The heads of Russian energy giant Gazprom and German firm E.ON met to discuss key issues and boost co-operation in the gas industry. The meeting stressed the “significant role” of […]

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By Priyanka Shrestha

The heads of Russian energy giant Gazprom and German firm E.ON met to discuss key issues and boost co-operation in the gas industry.

The meeting stressed the “significant role” of the Nord Stream gas pipeline in diversifying energy supply routes to consumers in Europe as well as boosting security.

The 1,224-kilometre-long Nord Stream transmission pipeline is a new route for Russian gas exports to Europe. The target markets for gas supplies via the pipeline include Germany, the UK, the Netherlands, France and Denmark.

Gas imports to the EU are expected to grow by nearly 200 billion cubic meters or more than 50% in the coming decade, according to Gazprom.

“Due to a direct connection between the world’s largest gas reserves located in Russia and the European gas transmission system, Nord Stream will be able to satisfy about 25% of this extra demand for imported gas”, it added.