Growth in Europe’s demand for Russian gas confirms importance of Nord Stream 2

Nord Stream and Nord Stream 2. Source: Gazprom.

MOSCOW -- A working meeting between Alexey Miller, chairman of the Gazprom management committee, and Rainer Seele, chairman of the executive board of OMV, took place in Moscow on April 20th.

The meeting participants addressed issues related to bilateral cooperation. It was highlighted that Austria continues to increase its gas imports from Russia. Specifically, Gazprom’s exports to Austria between April 1 and April 19, 2017, were 69.9% higher than in the same period of 2016.

Speaking about Europe’s growing demand for Russian gas, in light of the region’s declining indigenous production, the heads of the companies once again stressed the importance of Nord Stream 2 for ensuring reliable gas supplies to European consumers. The parties also discussed further steps under the Basic Agreement regarding the asset swap.

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