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Gazprom targets 10% of US gas market

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phantom power Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-09-09 10:35 AM
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Gazprom targets 10% of US gas market
What could possibly go wrong?
:eyes:

Russian gas export monopoly Gazprom plans to raise deliveries to the US and eventually supply up to 10% of the world's biggest economy's gas needs, a senior company official said on today.

"The volumes we currently supply account for 0.5% of gas consumed (in the US). But with the gas from Shtokman and Yamal, our share will grow to 5-10%," Gazprom deputy chief executive Alexander Medvedev said.

"We plan to supply 17% of the Shtokman gas to North America," he said.

Gazprom, the world's largest gas producer and supplier of a quarter of Europe's gas, views Yamal and Shtokman as key sources of future output as production falls at mature deposits in West Siberia.

http://www.upstreamonline.com/live/article180369.ece

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