Russian Gazprom ready to boost gas sales to Europe – Ifx quotes Kremlin

The Gazprom company logo can be seen at the St. Petersburg International Economic Forum (SPIEF) in St. Petersburg, Russia on June 2, 2021. REUTERS / Evgenia Novozhenina / File Photo

MOSCOW, September 26 (Reuters) – Russian energy giant Gazprom (GAZP.MM) is ready to increase Europe’s natural gas supply, a Kremlin spokesman said on Sunday, against the backdrop of soaring gas prices.

Dmitry Peskov also said, according to the news agency, that Gazprom was interested in more gas supply contracts.

He was talking about the low level of gas stored across Europe.

“Is it possible to get more gas from Gazprom and pump it there? It is possible. Gazprom is ready. Moreover, it has already covered all the additional (supply) demands”, a- he declared.

Russian gas giant Gazprom (GAZP.MM) has been accused by the International Energy Agency (IEA) and some European Parliament lawmakers of not doing enough to increase its natural gas supplies to Europe, where gas prices have skyrocketed. Read more

Peskov reiterated that Gazprom complies with all gas supply obligations.

“Is Gazprom ready for more, to sign more contracts? Gazprom is interested in it. It is because our consumers in Europe are our main partners,” he said.

European gas benchmarks have risen by more than 250% this year, leading to higher electricity prices and a ripple effect on industries dependent on gas for their production, such as fertilizer factories. Read more

Reporting by Vladimir Soldatkin; Editing by Toby Chopra, Kirsten Donovan

Our Standards: Thomson Reuters Trust Principles.

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