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Gazprom Has No Capacity to Supply Rosneft With Natural Gas For Export

© AFP 2023 / ANDREY GOLOVANOVA worker of Russian gas and oil giant Gazprom works on February 18, 2015 in Novoprtovskoye oil and gas condensates oilfield at Cape Kamenny in the Gulf of Ob shore line in the south-east of a peninsular in the Yamalo-Nenets Autonomous District, 250 km north of the town of Nadym, northern Russia
A worker of Russian gas and oil giant Gazprom works on February 18, 2015 in Novoprtovskoye oil and gas condensates oilfield at Cape Kamenny in the Gulf of Ob shore line in the south-east of a peninsular in the Yamalo-Nenets Autonomous District, 250 km north of the town of Nadym, northern Russia - Sputnik International
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Russian energy giant Gazprom does not have the capabilities to supply Russia's Rosneft oil company with natural gas for export, Deputy Chairman of the company’s Management Committee Alexander Medvedev said.

MOSCOW (Sputnik) – He added that Gazprom could increase its foreign exchange earnings from gas exports in 2017 by 16 percent, up to $35 billion.

"The Nord Stream and Nord Stream 2 are reserved for export deliveries under the existing contracts between Gazprom Export and our customers. There is no capacity for additional supplies for Rosneft," Medvedev stressed on Thursday.

Earlier this week, Medvedev said that the price of natural gas exports to Europe is likely to stay within the range of $180-190 per 1,000 cubic meters.

The stand with the Gazprom company's logo at the Sochi International Investment Forum 2016 - Sputnik International
Russia
Gazprom Expects Regulated Gas Prices in Russia to Increase by 3-3.5%
Russia’s gas giant Gazprom set up a joint venture in 2015 with France's Engie, Austria’s OMV AG, Royal Dutch Shell, Germany's Uniper and Wintershall to bring Russian natural gas to the European Union.

The planned Nord Stream 2 pipeline is expected to be able to deliver 55 billion cubic meters of Russian natural gas a year to the European Union, carrying it across the Baltic Sea to Germany while bypassing Ukraine. The launch of the pipeline is planned for 2018. Gazprom has a shareholder agreement to extend the existing Nord Stream with partner European energy firms.

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