“Miller at the meeting with Medvedev reported a very low level of gas reserves in underground storage facilities in Europe

– The level of gas reserves in underground storage facilities is very low, even critical, said the head of “Gazprom” Alexey Miller at a meeting with Prime Minister Dmitry Medvedev.

“In underground storage facilities in Europe today there is very little gas somewhere only 25%. In some countries this level is critical – 10%. But it does mean that the next period of pumping during the summer, the demand for Russian gas will also be high,” he said.

“And, of course, in conditions when gas production in the European Union is reduced when the demand for Russian gas, we see that the growing demand is not the peak, the more relevant become the new export pipeline projects the supply of Russian gas to foreign markets – that “Turkish stream” and “Nord stream-2”, – he stressed.

The Prime Minister has underlined that the growing demand for Russian gas poses the problem of optimizing the supply of gas to the European market. “Indeed, when the dynamics of the consumption of Russian gas shows that it is highly demanded product on the European market, with its consumption growing, it really makes very urgent the problem of optimization of supplies of this gas to the European market, including those about which you said,” – he said.

Miller added that Gazprom had fully satisfied the demand of European consumers for gas this winter, including during the February cold weather. “Without a doubt, in gas supplies this winter was influenced by a very cold February and in Russia and in Europe. On the other hand, “Gazprom” has in full satisfied the demand from Russian consumers, and consumers in the European market”, – he said.

“In total for the month of February we established a historical record of deliveries of gas to the European market – 17.4 billion cubic meters of gas. This is 6.8% higher than historical volume of deliveries in February 2017. For ten consecutive days “Gazprom” has updated the historical daily records of deliveries to the European market, and on 2 March we set a new daily record, put 713,4 million cubic meters of gas. It’s a very very large volumes, and the volumes delivered due to the fact that the company “Gazprom”, Russia, has the capacity to supply gas in such volumes to meet peak demand”, – said the head of “Gazprom”.

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