Europe agrees to buy Russian gas bypassing

Europe agrees to buy Russian gas bypassing Ukraine

18:35 30 January 2018 Read: 1806

Europe agrees to buy Russian gas bypassing Ukraine

European purchasers of Russian gas have expressed a desire to receive it through new corridors and not through Ukraine after the expiry of the long-term transit contract signed between Gazprom and Ukraine's Naftogaz in 2019, Gazprom deputy CEO Alexander Medvedev said.

He said that Russian gas giant is considering using Austria’s Baumgarten gas hub to bring natural gas to Europe via the future Turkish Stream undersea pipeline.

Speaking at the European Gas Conference in Vienna, Medvedev also said the Russian gas exports to Europe declined by 3% in January year-on-year, Reuters reported.

More about: Russia Ukraine gas

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