Gazprom says natural gas supply to Europe up 16%January 13, 2014 - 21:01 AMT PanARMENIAN.Net - Russian energy giant Gazprom said Monday, Jan 13, that the supply of natural gas to Europe grew 16 percent last year to 162.7 billion cubic meters while overall gas production increased to 487.4 billion cubic meters, RIA Novosti reports. “Gazprom has fully satisfied the increased demand for Russian gas in Europe. The increase in exports coincided with production growth by 400 million cubic meters to 487.4 billion cubic meters,” the company’s CEO Alexei Miller said in a statement. “Our current production capacity allows us to produce 617 billion cubic meters of natural gas annually,” Miller said. Gazprom’s natural gas supplies to Europe rebounded last year after a slump in 2012 in response to the cold weather at the beginning of 2013 and also due to a decline in gas supplies from Algeria, Libya, Nigeria, Norway, Qatar and the UK, according to Gazprom Export, the export arm of the Russian energy giant. Gazprom Export earlier said the average price for gas in Gazprom’s European contracts fell by 5.5 percent last year to $380 per 1,000 cubic meters from $402 in 2012. Related links: Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. |