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Gazprom seeks India deals, says Europe share to fall

India is among the Asian countries where Russian gas export monopoly Gazprom is seeking new buyers for its gas under long term contracts, diluting Europe's share in its sales, its CEO said.

June 30, 2011 / 17:56 IST

India is among the Asian countries where Russian gas export monopoly Gazprom is seeking new buyers for its gas under long term contracts, diluting Europe's share in its sales, its CEO said.

"India, Korea and China -- these are the countries where we are working intensively on concluding new long term contracts," Chief Executive Alexei Miller told the company's annual meeting.

Miller said Europe's share of its total sales would fall but absolute volumes would remain steady as Gazprom expanded its client base in Asia.

Gas deliveries were up 26% in the first half of the year, Miller said.

first published: Jun 30, 2011 03:00 pm

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