Novak: Russia will not lose its niche in the gas trade, after entering the Iran market


MOSCOW, October 23. Russia will not lose its niche in the gas trade in Europe after the release of Iran to the market strategy of the Russian Federation implies increase in the volume of supplies to Europe. This was stated by Minister of energy Alexander Novak in interview to TV channel “Russia 24”.

“I believe that Gazprom and the Russian Federation the volumes and shares, which we occupied in Europe, is absolutely competitive with gas, which is based on already existing infrastructure, plus building a new infrastructure. And we, I think, is unlikely to lose its niche (even after entering the European market of Iran). In our strategy – on the contrary, the increase of supply in Europe,” he said.