Russian energy giant Gazprom expects that its gas exports to Europe will reach record levels in 2016 as in March the export levels recorded a 9% increase year-on-year, Sputnik News reported.
According to Gazprom, its overall export to the countries outside the Commonwealth of Independent States (CIS) has increased by 28% in Q1 of 2016.
In January, Gazprom CEO, Alexey Miller, said that in 2015 the company saw an increase of its European gas exports by 8% to reach 159.
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4bcm. However, as UPI wrote, the European Union has expressed concern about Russia’s control over the regional market as the company typically controls both the transit networks and the reserves they deliver.