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Europe and Far Abroad to Need 73bln cu.m of New Pipeline Gas, Says Head of Gazpromeksport

Oil&Gas Materials 18 November 2008 12:59 (UTC +04:00)
Europe and Far Abroad to Need 73bln cu.m of New Pipeline Gas, Says Head of Gazpromeksport

Azerbaijan, Baku, 18 November / Trend corr. A.Badalova / Gas export from Russia to the European countries will reach 219bln cu.m-227bln cu.m in 2020, Alexander Medvedev, general director of Gazpromeksport Open Joint Stock Company (OJSC), said at the sixth international forum Russian gas-2008 in Moscow on 18 November.

According to Medvedev, 189bln cu.m of this amount will be exported in line with acting contracts (subject to prolongation) and 30bln-36bln cu.m - in line with new contracts and perspective projects.

"Need in new pipeline gas for the far abroad and Europe will make up 65bln-73bln cu.m of gas in 2020," Medvedev, whose speech at the forum was lively aired through Vesti TV channel, said.

Estimations of Gazprom, which includes Gazpromeksport, are close to assessments of the International Energy Agency (IEA).

According to the IEA's forecasts, in 2020 the European Union (EU) and Turkey will import about 100bln cu.m of gas in the form of liquefied natural gas, as well as about 500bln cu.m of pipeline gas a year. A total of 240bln-280bln cu.m of gas of this amount should be delivered from Russia, Central Asia and North Africa.

"Europe will not get this amount without additional 86bln cu.m of throughout capacity a year, which is envisaged with constructions of North and South Stream," Medvedev believes.

The EU countries and Turkey imported 175bln cu.m of gas from Russia, Central Asia and North Africa in 2007.

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