Europe getting enough gas, Gazprom says

June 30, 2014

European consumers serviced by Gazprom are getting natural gas at levels they'd normally get during the winter, the company's chief executive said Friday.

Gazprom CEO Alexei Miller said the volume of gas to Europe is more than sufficient to meet demands. Gazprom, he said, is helping address the shortage of natural gas extraction from European countries.

"We have been able take advantage of these circumstances, as we have enough resources and transportation capacity," he said Friday.

Gazprom meets about a quarter of the gas needs of the European market. Most of that runs through a Soviet-era gas transmission network in Ukraine.

Copyright, UPI, 2014.