Russia’s Gazprom increased its share of the European gas market last year despite a rising challenge from imports of US liquefied natural gas (LNG), company officials told investors in Hong Kong yesterday.The meeting came a day after the surprise departure of deputy chief executive Alexander Medvedev who has spearheaded Gazprom’s export efforts for the past 16 years.Gazprom’s share of the European gas market rose to a record high 36.7% last year from 34.7% in 2017, the company said.This, despite calls from the European Commission for EU states to diversify away from Russian energy in the wake of Moscow’s annexation of …read more
Source: Gulf times
