GO
Loading...

Enter multiple symbols separated by commas

Gazprom Executive Tries To Assure Europe About Supply

Following recent disruptions of Russia’s gas supply to Belarus Alexander Medvedev, deputy chairman of Gazprom, stressed the reliability of Gazprom as an energy supplier to Europe.

“We are not only a reliable (energy) supplier, we are a major factor of the energy security for Europe and if you look to the past, (Gazprom) was a major factor of the current competitiveness of Europe in the world economy,” Medvedev told CNBC’s Steve Sedgwick in an interview at the World Economic Forum in Davos, Switzerland.

“Now we can proudly say that we have no transit risk of our supply to Europe,” he added.

He went on to say that the energy security provided by Gazprom has been reached in spite of a lack of support from the European Commission and that the future of Europe energy supply is safe even with Gazprom’s refusal to sign an EU contract for supply of natural gas to European customers.

“The supply of natural gas to Europe will increase … the current calls to diminish dependence of Russian gas to Europe has no ground,” he said.

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

  • A vintage car with a Cuban flag paint job is parked near the National Capitol Building in Havana on Jan. 7, 2015.

    Companies wanting to do business in Cuba should heed this warning from a former federal prosecutor and SEC attorney.

  • Christina Grimmie

    Singer/songwriter Christina Grimmie, a season six contestant on "The Voice," is reading Manga thrillers and tales about faith this summer.

  • Donald Trump

    From one real estate mogul about another: Don't underestimate Republican presidential candidate Donald Trump.

U.S. Video