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Russian Gazprom threatens Europe with shortages of imported gas

In 2025 Europe could face a shortage of imported gas in the amount of 50 billion cubic meters. It was announced by Alexander Medvedev, the Deputy Chairman of the Board of Executive Directors of Gazprom, at a press briefing.

Russian Gazprom threatens Europe with shortages of imported gas

According to Medvedev, due to falling production in Europe, by 2025 the deficit will reach 80 billion cubic meters. Therefore, today Gazprom announces that "Washington dreamers" will unlikely  be able to "supply Europe with more than 50 billion cubic meters a year, Joinfo.ua reports referring to the Russian media.

Thus, according to the Deputy Chairman of the company, about 50 billion cubic meters is a shortage of import that has no contracts and transport routes for gas supply to Europe.

In addition, according to him, at the end of 2014, the average price of Russian gas deliveries to CIS countries had increased in rubles by 17% to 11.299 thousand rubles, while in 2013 the price was 9,680 thousand rubles.

The average price of gas for supply in Europe in 2015 could reach $ 240-245 per 1 thousand cubic meters, said the Deputy Chairman of Gazprom. The export volume of Gazprom in 2015 may reach 154-155 billion cubic meters.

It should be recalled that in March this year, Azerbaijani President Ilham Aliyev and Bulgarian Prime Minister Boyko Borisov agreed to reanimate the project of the Nabucco gas pipeline, through which natural gas will go to Europe.