Gazprom Sees Record EU Exports as It Shrugs Off U.S. LNG - Bloomberg Business

Gazprom Sees Record EU Exports as It Shrugs Off U.S. LNG - Bloomberg Business:

"Gazprom PJSC, the world’s biggest natural gas producer meeting investors in New York and London this week, seeks to increase supplies to Europe to record levels as it dismissed the prospects of U.S. exports to the region.
The Moscow-based company, which provided 31 percent of Europe’s gas last year, plans to boost flows to the region by more than 2 percent this year, with further growth through 2018, according to its non-public budget obtained by Bloomberg. That is more ambitious than public statements by the company to maintain supply.
Russia has “the most competitive" gas price in the European Union now and Gazprom isn’t concerned about rivals in the region, including liquefied natural gas from the U.S., the company’s deputy head Alexander Medvedev told investors in New York Wednesday."



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