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Gazprom Deputy Chairman-No Alternative To Russian Gas

RUSSIA

Comments from Gazprom Deputy Chairman of the Management Committee Oleg Aksyutin states that there is 'no alternative' to Russian pipeline gas for Europe. Says that the EU economy is 'crumbling' as it walks away from Russian gas.

  • Aksyutin: 'Gazprom continues talks with China on future projects'.
  • Aksyutin: 'No additional LNG supplies are expected on global markets in the short-term...Additional extra LNG volumes will be seen only from 2025'
Aksyutin's comments come as the EU continues to develop short and long-term plans for fully divesting from Russian gas reliance. In the last week, China and Russia have reached an agreement on a gas deal to be transacted in roubles and yuan. However, even with an uptick in flows east, this will still not compensate for loss of Russia's main market in EU.

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