Gazprom tries to lure investors for pipeline to China

GAZPROM

Gazprom said the Russian company was the largest supplier of gas to Europe and Turkey.

Russian gas giant presents Power of Siberia, TurkStream, Nord Stream-2 projects


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Gazprom hopes that the eastern route of gas deliveries to China – via the Power of Siberia gas pipeline – will give the Russian gas monopoly access to the world’s most promising gas market, Gazprom said in a press release, following the company’s 13th annual Investor Day in New York on February 6 and London on February 8.

Gazprom deputy chairmen Andrey Kruglov and Alexander Medvedev as well as representatives of Gazprom’s structural units and subsidiaries, such as Gazprom Neft, Gazprom Export, and Gazprom Energoholding presented the Russian gas giant’s plans to investors.

Analysts from leading international and Russian investment banks, including JP Morgan, Morgan Stanley, Credit Suisse, Renaissance Capital, VTB Capital, and Gazprombank were among the attendees, according to Gazprom.

Gazprom noted that the Russian company was the largest supplier of gas to Europe and Turkey, with absolute records for gas exports set in the last two years and plans to implement the TurkStream and Nord Stream-2 gas pipelines to Europe.

 

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