4 Oct 2017 16:27

Gazprom expects exports to Germany to grow 10% in 2017

MOSCOW. Oct 4 (Interfax) - Gazprom expects gas exports to Germany to rise about 10%, company chief Alexei Miller told journalists.

Regarding the findings of European lawyers that the European Commission has no legal grounds to conduct talks on Nord Stream 2, he said that "this project is purely economic and most importantly, it is absolutely in high-demand from the market."

"Indeed, gas exports to Germany this year, it appears, will be around 55 billion cubic meters (bcm) to the German market alone. This means that one of the North Streams will operate for just the German market," Miller said.

Gazprom exported 49.831 bcm of gas to Germany in 2016.

Gazprom said this week that exports to Germany grew 10.7% year-on-year in January-September 2017, according to preliminary data. On that basis, exports for the 9M came to 37.931 bcm, up from 34.26 bcm in the same period of last year.