icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm
18 Apr, 2007 14:15

U.S. accuses Gazprom of aiming at gas monopoly in Europe

U.S. accuses Gazprom of aiming at gas monopoly in Europe

A senior U.S. State Department representative has accused Russia's Gazprom of attempting to create a gas monopoly in Europe. Gazprom currently supplies 25% of European gas needs.

Interviewed in Britain's Independent newspaper, Matthew Bryza, who is responsible for energy policy, expressed concerns that the Russian company is concentrating on buying up Europe's gas supply infrastructure.

Gazprom, which has long-term contracts with the major European gas companies, has recently announced plans to build large gas storage facilities across Europe to secure against supply and price fluctuations.

Gazprom's spokesman, Sergey Kupryanov, says the company wants a strong foothold in the European gas market, but isn't looking to become a monopoly.

“It's not clear why the U.S. Department of state should be concerned about Gazprom's commercial activity in Europe. We can't talk about our monopoly in the European gas market, We occupy only one fourth of the European market.  Yet, we are really  active in our attempts to expand in the European market. We want a stronger foothold,” said  Sergey Kupryanov.