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More Russian gas for domestic market

Photo: www.thearctic.is

Anatoly Chubais, Board Chairman of energy major RAO UES, says Gazprom not should export more natural gas to Europe and China, but rather focus on growing domestic demands in Russia.

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In a recent interview to the Financial Times, the architect of Russia’s 1990s privatisation programme and now the head of its former electricity monopoly, said: “I think that, in strategic terms, our priorities should not be Europe or China”.

Anatoly Chubais“We have this western stream, northern stream, south stream … .” he added, referring to pipeline projects such as Nord Stream and South Stream to export Russian gas to western Europe. “What I believe we need is a Russian stream. The Russian domestic demand is growing a lot. I think that Russia needs to restructure its strategy in this sector.”

Frontpage photo: thearctic.is