Rosneft and Gazprom project for methane in Europe

The Russian government, Rosneft and the gas giant Gazprom would find an agreement to implement a “pilot project” with which Rosneft will provide 10 billion cubic meters of Russian gas to Europe. The news of this project has been widely circulated, but the timing of the operations has not yet been announced. Neither Rosneft, nor Gazprom, nor the Minister of Energy responded to the request for a comment that arrived yesterday. However, following the October meeting, officials, including Russian Vice President Alexander Novak, stated that details of how the project would work would be communicated. On 14 October, Rosneft announced that he was considering supplying gas to Europe through an export agreement with British Petroleum.
“The implementation of a pilot project for the export of 10 billion cubic meters of gas from Rosneft’s resources, through a contract with BP, could help in the future to provide additional stocks to the European gas market” Rosneft’s CEO, Igor Sechin, said on that occasion. BP – which holds a 19.75% stake in Rosneft – a few years ago signed an agreement with the Russian company for a potential gas supply in Europe for the year 2017.