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Gazprom Increased Its Share in the European Market
February 9, 2018 17:56


In 2017 Gazprom increased its share in the European market from 33 to 34.7 percent. This was announced by Deputy Chairman of the Board of the company, Alexander Medvedev. "Gazprom's market share continues to grow. Supplies grew faster than the market, and the market share in Europe as a result increased to a record 34.7 percent," Medvedev said during the meeting with the investors in New York.

Existing export routes for gas transportation allow  responsing flexibly to changing demand, the top manager believes. As a result, the market share of the company in the future "can not only be preserved, but also grow," Medvedev said.

In November 2017, the head of Gazprom, Alexei Miller, said that in 2017, gas exports would reach 192 billion cubic meters, which would be an absolute record. Last year, the company increased gas production by 12.4 percent, to 471 billion cubic meters. Fuel supplies to Europe increased by 8 percent, to 193.6 billion cubic meters. According to Gazprom Export, about 80 percent of supplies from Russia go to Western Europe, and 20 percent to Central European countries. 


Author: Anna Dorozhkina


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