February 23, 2024 4:37 pm

EU states knowingly ‘de-industrializing’ – Gazprom — RT Business News

Facebook
Twitter
LinkedIn
Pinterest
WhatsApp
Telegram

URGENT: JUST 11 DAYS REMAIN TO HELP SAVE INDEPENDENT MEDIA & ANR, TO ENSURE WE ARE FULLY FUNDED FOR NEXT MONTH,SO LET'S CUT THE BS & GET TO THE POINT - WE WILL BE FORCED LAY OFF STAFF & REDUCE OPERATIONS UNLESS WE ARE FULLY FUNDED WITHIN THE NEXT 2 WEEKS - Sadly, less than 0.5% of readers currently donate or subscribe to us But YOU can easily change that. Imagine the impact we'd make if 3 in 10 readers supported us today. To start with we’d remove this annoying banner as we could fight for a full year...

Manufacturing is doomed due to the first-ever artificial destruction of natural gas trade, CEO Aleksey Miller says

The EU is intentionally destroying demand for natural gas, Gazprom CEO Aleksey Miller stated at a company meeting to discuss the year’s preliminary results.

“We are well aware of the situation in Europe, where they have taken an unprecedented step,” the chief executive said. “There, for the first time in history demand for natural gas, a primary energy source, is being artificially destroyed.”

He insisted that the policy of eliminating one of the most environmentally friendly energy sources is forcing “some EU member states to de-industrialize.”

Global demand for gas, however, is expected to increase by 43% in the next 25 years, Miller noted, adding that the energy giant is ready, as it has been developing cooperation with nations that are interested in reliable energy supplies.

He pointed out that Gazprom has been working with Asia for a long time.

“The volume of gas supplies to China in 2023 will be over 22.5 billion cubic meters, exceeding the contractual obligations by 500 million cubic meters,” Miller stated, adding that Gazprom plans to deliver as much as 38 billion cubic meters of natural gas to East Asian nation.

Gazprom supplies natural gas under a long-term contract sealed with the China National Petroleum Corporation (CNPC). The Power of Siberia pipeline is part of a $400 billion, 30-year agreement between Gazprom and the CNPC clinched in 2014. Russia’s gas exports to China are projected to reach 100 billion cubic meters annually, taking into account a transit pipeline through Mongolia.

Russian gas exports to the EU have dwindled due to Ukraine-related sanctions and the sabotage of the Nord Stream pipelines last year, previously Russia’s key gas route to the region. However, Gazprom has successfully redirected its energy trade towards Asia, with China emerging as its largest importer.

For more stories on economy & finance visit RT’s business section

You can share this story on social media:

Source link

Opinion pieces don’t necessarily reflect the position of our news site but of our Opinion writers.

Original Source: EU states knowingly ‘de-industrializing’ – Gazprom — RT Business News

Support the ANR from as little as $8 – it only takes a minute. If you can, please consider supporting us with a regular amount each month. Thank you.

Related News

Subscribe for free to our ANR news emails and access 2 free ebooks plus Reports to share with family and friends about Covid fraud and the danger of the vaccines.

Australian National Review is Australia’s first real free and independent press, one with no editorial control by the elite, but a publication that can generate critical thinkers and critical debate and hold those spreading mistruths and deliberate propaganda in mainstream media to account.

News with a difference that will be educational, compelling and create a platform for political and social change in this country and address the real issues facing this country and the world.

Watch Full Documentary

URGENT: JUST 3 DAYS REMAIN TO HELP SAVE INDEPENDENT MEDIA & ANR, SO LET'S CUT THE BS & GET TO THE POINT - WE WILL BE FORCED TO LAY OFF STAFF & REDUCE OPERATIONS UNLESS WE ARE FULLY FUNDED WITHIN THE NEXT 2 WEEKS

Sadly, less than 0.5% of readers currently donate or subscribe to us But YOU can easily change that. Imagine the impact we'd make if 3 in 10 readers supported us today. To start with we’d remove this annoying banner as we could fight for a full year...

Get access to TruthMed- how to save your family and friends that have been vaxx with vaccine detox, & how the Unvaxxed can prevent spike protein infection from the jabbed.

Free with ANR Subscription from $8