Gazprom hinted Europe for the coming gas shortage

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Photo: Yegor Aleev / RIA Novosti

In 2019 Russia could increase its share on the European gas market to 40 percent, but EU countries need to prepare for the coming shortages and rising fuel prices. This was stated by the Chairman of the Board “Gazprom” Alexander Medvedev in interview to Agency Reuters.

Many analysts believe that Europe will soon face a gas crisis and a sharp rise in prices, he said. “Europe is completely miscalculated when he decided that she did not need a lot of extra gas, and if it is still needed, it can be obtained from sources outside Russia,” — said Medvedev.

Gas supplies from the US will remain “modest, expensive and mainly go to Asia,” he said. While Russia is able to supply Europe’s gas volumes, despite the increase in fuel exports to China.

“But Europe needs to decide now. You need to think right now about who will cover the additional demand after 2025. Unfortunately, the energy dialogue between Russia and the EU is not” — said a top Manager.

Even if “Gazprom” will launch the “Nord stream-2” and “Turkish stream”, their volume is not enough to compensate for the coming shortage, said Medvedev. “And LNG (liquefied natural gas — primas’. «Tapes.ru») will not be able to cover the gap,” he says.

Medvedev on 7 February reported that in 2017, the company increased its share on the European market to 34.7 percent.

Video, photo All from Russia.

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