Gazprom raises gas exports to Europe by 30%

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Gazprom raises gas exports to Europe by 30% - CEO

RIA Novosti, PUBLISHED May 26, 2011

Russian gas giant Gazprom increased gas exports to Europe by 30% in May, the company's chief executive officer said on Wednesday.

"In April we saw a growth of 20%, in May 30% and now daily supplies correspond to winter production rates," Alexei Miller said.

He said that exports increased partly due to a consumer desire to pump gas into underground facilities for low prices.

"Everyone has already noticed that Libya produces no gas and Japan is increasing imports," Miller said, adding that these however were not the main factors for the increase.

Libya has been rocked by violent clashes between government supporters and rebels since February. Japan suffered a serious nuclear accident caused by a powerful earthquake and tsunami in March.

Topics: Europe, Russia

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