Russia will get unprecedented gas exports

Russia’s Gazprom expects record export performance of gas in 2017 – about 190 billion cubic meters this was stated by the head of the Russian company Alexey Miller at the session of the Eastern economic forum (WEF), the “Vesti.Economy.”

“It will be the largest export volume and the history of the gas industry and the history of “Gazprom”, – said Miller.

According to him, the launch of export pipelines in the East of Russia, Gazprom will increase gas exports in the near future the company will be able to deliver more than 200 billion cubic meters, said Miller.

He noted that in 2016, “Gazprom” has exported to abroad record 179,3 billion cubic meters of gas is 12.5%, or 19.9 billion cubic meters more than in 2015. The major buyers were Germany, Turkey and Italy. In 2017, shipments continued to grow: in the first five months of 13.3%, or 9.5 billion cubic meters, exceeded the exports for the same period in 2016.

Thus, as predicted by the Russian media, Russia will not be able to completely abandon the transit of gas through territory of Ukraine. Analysts believe that the new gas pipeline “Nord stream – 2” and “Turkish stream” to cope with growing load.

The current transit contract between Gazprom and Naftogaz expires in 2019. In addition, its terms are disputed in the Stockholm arbitration. Official statements about negotiations on a new contract that will run after the current has not yet been reported. However, the Cabinet of Ministers adopted the energy strategy of Ukraine until 2035. In particular, the energy strategy assumes preservation of the transit of Russian gas at 50 – 80 billion cubic meters by 2019, while there is the option of reducing the transit of up to 15 – 40 billion cubic meters.