Wintershall: a more profitable alternative to Russian gas for Europe, no


RIA Novosti

Chairman of the Board of the German oil and gas company Wintershall Mario Mehren stated that the more favorable alternative to Russian gas for Europe does not exist.

“Europe has, of course, there is a need for additional gas imports. In the end, production in the North sea is declining. Europeans should be open to all sources that you can use. This gas, which comes via pipeline from Russia, Norway and even North Africa, as well as transoceanic liquefied natural gas,” said Meren in an interview with German newspaper Handelsblatt.

“Then the market will be free to decide which gas in the end to buy. But I am convinced that there is a more profitable alternative than the Russian gas. Natural gas from Russia will be able to withstand any competition”, — he added.

Wintershall is currently in Russia is implementing several projects, including for the development of the fourth and fifth sections of Achimov deposits in Urengoy field, implemented with “Gazprom”. The company owns in it of 25.01%. “Gazprom” estimates a total production capacity of these units at 13.9 billion cubic meters of natural gas and 3.8 million tons of gas condensate.