Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Lebanese Ministry of Health: Final toll from airstrike on car in Zebdine, Nabatieh District: Two martyrs, four injured
Egyptian media: Indirect talks between Hamas and Israelis begin in Sharm el-Sheikh.
AFP: France's new PM Sebastein Lecornu resigns just hours after unveiling cabinet.
Trump: Technical teams will meet again on Monday in Egypt to discuss and clarify the final details, and the first phase is scheduled to be completed this week
US President Donald Trump: Talks with Hamas have been very successful and are moving at a rapid pace
Local sources in Aleppo: Violent clashes erupt between the SDF and factions affiliated with the transitional authority on the Deir Hafer and Tishrin Dam fronts in the eastern Aleppo countryside
Israeli media: Interceptor missiles fired in an attempt to shoot down the drone
IOF Spokesperson: Sirens sounded amid suspected "enemy aircraft" infiltrating the Eilat area
Israeli media: "Israel" won the battle but lost the war strategically and politically
Israeli media: Ben Gurion Airport's airspace closed to air traffic following missile launch from Yemen

Gazprom: Launch of Nord Stream 2 could resolve EU energy crisis

  • By Al Mayadeen English
  • Source: Agencies
  • 15 Sep 2022 18:29
  • 2 Shares
3 Min Read

A Gazprom official affirms that the Russian energy giant is still carrying out all of its investment projects.

  • x
  • Gazprom is still carrying out all of its investment projects. (Reuters)
    Gazprom is still carrying out all of its investment projects. (Reuters)

Gazprom Management Committee Deputy Chairman Oleg Aksyutin said on Thursday that the Nord Stream 2 gas pipeline could solve all of the European Union's current energy problems, however, European politicians are opposing this decision.

"The launch of Nord Stream 2 could solve the problem of the European gas market balancing, but we see that this obvious solution is resisted by European politicians," he said.

Aksyutin made his remarks at the 11th St. Petersburg International Gas Forum.

"Renewable energy sources cannot become an alternative to oil, gas, hydroelectric power plants, nuclear power plants, and even coal in a difficult period for the economy," he added.

Elsewhere in his remarks, he affirmed that Gazprom, the Russian energy giant, is still carrying out all of its investment projects.

"Gazprom PJSC sees an increase in the demand from the Chinese parties for the supply of gas through the Power of Siberia gas pipeline, even in the face of a slowdown in the growth of gas demand in the country. This indicates a high demand for Russian pipeline gas in the Chinese market," Aksyutin said.

He stressed that significant LNG volumes in Europe may not appear until 2025, and competition with Asia will lead to higher prices and less availability.

Aksyutin stated that the EU's energy policy has resulted in higher LNG prices in Europe than in Asia.

He reiterated that only Russia can supply Europe with gas volumes comparable to the resources of the Siberia and Yamal fields while also offering comparable delivery terms.

"The role of natural gas in the global energy balance will continue to grow. The Russian gas market will develop dynamically due to gas processing, gasification of regions, and growth in the use of natural gas motor fuel. The center of the global gas industry is shifting to the East ... It can be assumed that the global gas market will acquire a new configuration," Aksyutin added.

It is worth noting that Gazprom reported a 15.9% year-on-year decrease in gas production to 300.8 billion cubic meters in the first eight and a half months of 2022, as per the company.

"From January 1 to September 15, 2022, Gazprom, according to preliminary data, produced 300.8 billion cubic meters of gas. This is 15.9% (56.8 billion cubic meters) less than [in the same period] last year," the company posted on Telegram.

Gazprom produced 514.8 billion cubic meters of gas in 2021, which was 62.2 billion cubic meters more than in 2020.

Read more: West trying to blame Russia for its own mistakes in economic policy: Putin

  • Gazprom
  • Nord Stream 2
  • EU energy crisis
  • Oleg Aksyutin

Most Read

Hamas fighters stand in formation ahead of a ceremony to hand over Israeli captives to the Red Cross in Nuseirat, Gaza Strip, Feb. 22, 2025. (AP)

Hamas reviews Trump’s Gaza ceasefire plan as PIJ rejects

  • Palestine
  • 30 Sep 2025
Iraq at a crossroads: A new war front?

Iraq at a crossroads: A new war front?

  • West Asia
  • 30 Sep 2025
A Hamas fighter in combat fatigues stands before the ceremony for the handover of Israeli captives to the Red Cross in Nuseirat, central Gaza Strip, Saturday, February 22, 2025 (AP)

Hamas responds to Trump plan, backs Gaza withdrawal, exchange

  • Politics
  • 3 Oct 2025
Tucker Carlson speaks at a memorial for Charlie Kirk, Sunday, September 21, 2025, at State Farm Stadium in Glendale, Arizona (AP)

Tucker Carlson: Israeli officers gave orders on Iran inside Pentagon

  • Politics
  • 2 Oct 2025

Coverage

All
War on Gaza

Read Next

All
Hezbollah's representative in Iran, Sayyed Abdullah Safieddine, during an interview with Al Mayadeen which aired on October 6, 2025 (Al Mayadeen)
Politics

Tehran never interferes in Hezbollah decisions: Representative in Iran

Smoke billows over the Gaza Strip following an Israeli bombardment, as seen from southern Palestine, Sunday, Oct. 5, 2025. (AP)
Politics

Indirect talks for a ceasefire in Gaza begin in Sharm El-Sheikh: Egypt

Fighters from the Syrian Democratic Forces (SDF) prepare to attend a military parad in Qamishli, northeastern Syria, Tuesday, August 12, 2025 (AP)
Politics

Security forces seal Aleppo’s Sheikh Maqsoud, Ashrafieh districts

Amsterdam Captain Mohammed Ali Mohiuddin, who took part in the Global Sumud mission to Gaza, talks to Al Mayadeen on October 6, 2025 (Screengrab)
Politics

GSF captain says despite abuse, 'Israel weaker than spider's web'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS