- Home
- Business
- Kremlin Explains Why Gazprom Welcomes German Engagement in Effort Related to Gas Transit
Kremlin Explains Why Gazprom Welcomes German Engagement In Effort Related To Gas Transit
Sumaira FH Published July 23, 2021 | 02:40 PM
MOSCOW (UrduPoint News / Sputnik - 23rd July, 2021) Russia's gas giant Gazprom welcomes Germany's participation in the work related to gas transit through Ukraine because the volume of gas supplies depends on the demand, on Germany's demand in particular, since it is a major consumer, Kremlin spokesman Dmitry Peskov explained on Friday.
Earlier this week, Gazprom CEO Alexey Miller said that the company is ready to continue gas transit through Ukraine after 2024, based on economic feasibility and technical condition of the Ukrainian gas transportation system. At the same time, he added that Gazprom sees the Nord Stream 2 as a purely economic project, aimed at ensuring reliability, stability and diversification of gas supplies to the EU market, and reducing gas costs for end consumer due to a shorter route.
"You probably saw that Miller also welcomed engagement of German representatives in the negotiations, since negotiations on the continuation of transit after 2024 are largely related to the decarbonization processes in Europe and the European demand. Germany is the largest gas consumer in Europe, therefore the volume will largely depend on their demand," Peskov told reporters.
Recent Stories
DP World ILT20 Season 3 to begin from 11 January 2025
Sharjah Public Library unveils interactive arts and crafts journey at SCRF 2024
"Wonder Walks” show makes an enthralling debut at SCRF 2024
Remarkable Young Minds Light up the Stage at Sharjah Children’s Reading
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 12 May 2024
Today Gold Rate in Pakistan 12 May 2024
Crown Prince Mohammad bin Salman's visit schedule being discussed
Govt decides to procurement wheat from farmers
Deputy PM to pay 4-day visit to China from Monday
Pakistan seeks foreign investments in diverse sectors: PM
Digital transformation key priority for govt to improve tax collection: Aurangze ..
President-designate of COP29 for collective efforts to deal with climate change ..
More Stories From Business
-
PIDE organizes conference on 'The Economy of Azad Jammu and Kashmir'
44 minutes ago -
Pak-Uzbekistan commodity market leaders agree for joint plan of action
54 minutes ago -
STZ is an environmental project-DC
3 hours ago -
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 12 May 2024
7 hours ago -
Today Gold Rate in Pakistan 12 May 2024
8 hours ago -
Gold rates dip by Rs 300 per tola to Rs 243,500
20 hours ago
-
PSGMEA delegation visits PCSUMEA
23 hours ago -
Govt decides to procurement wheat from farmers
24 hours ago -
Operationalization of Azhakhel Dry port stressed to increase country's imports, exports
1 day ago -
Digital transformation key priority for govt to improve tax collection: Aurangzeb
1 day ago -
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 11 May 2024
1 day ago -
Today Gold Rate in Pakistan 11 May 2024
1 day ago