MOSCOW (AP) — Russia's Gazprom state-controlled natural gas giant says it plans to boost exports to Europe this year and set a new record high in export earnings.
Gazprom CEO Alexei Miller told Thursday’s annual shareholders’ meeting that the company expects to export 155-158 billion cubic meters of gas to customers in Europe this year compared to last year’s 139 billion.
Miller said the company will also seek to expand the sales of liquefied natural gas to China, Japan and South Korea.
Gazprom currently accounts for 15 percent of the world’s natural gas output and 18 percent of global natural gas reserves.
Miller said that the company’s reserves currently stand at 33.1 billion cubic meters of gas.
