European demand for Russian natural gas continued to grow

European demand for Russian natural gas continued to grow

In 2013 the volume of Gazprom Group’s gas sales to the countries beyond the CIS hit the record figure of 174.3 billion cubic meters since the 2008 crisis, which accounts for one-third of the total gas consumption in Europe.
Italy took the lead in terms of growth; the volume of gas exported there increased by 67 per cent compared to 2012.
Gazprom’s gas sales to the UK grew by 42 per cent, export to Germany – by 21 per cent.
In 2013 gas sales beyond the CIS exceeded RUB 1,687 billion.
According to consensus forecasts, by 2025 the gap between domestic production and consumption in Europe will amount to 168 billion cubic meters, and by 2035 – to 225 billion cubic meters. This creates objective prerequisites for Gazprom to further strengthen its positions in the European market.
Source: Gazprom

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