Thursday, 16 April 2015

Gazprom to keep its leadership in global energy sector regardless of any possible changes in world gas market - 16/04/2015

Gazprom to keep its leadership in global energy sector regardless of any possible changes in world gas market

The Gazprom Board of Directors took notice of the information about new trends in the global energy sector and their possible impact on the world gas market structure.

In order to evaluate the influence of such phenomena on the global gas market, the relevant stress-scenarios envisaging the conservation and development of the outlined mid-term and long-term trends, were formed and reviewed.

The meeting emphasized that the considered trends did not have a serious negative impact on Gazprom’s positions. Vast gas reserves, well-developed process and transport infrastructure owned by the Company, long-term contracts as the basis of business activity as well as the strategy of further diversification of export routes will allow Gazprom not only retaining the leading role in the global energy sector, but also increasing its market share.

“The Board of Directors fully supports the position of the Management Committee on furthering the Company’s activities abroad, as was declared by the Management Committee Chairman Alexey Miller at the Berlin conference a few days ago,” said Viktor Zubkov, Chairman of the Gazprom Board of Directors.

Gazprom will continue monitoring and analyzing the possible changes in the world gas market.

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