Gazprom seeks 30 percent of European market

Publish date: March 30, 2006

Gas monopoly Gazprom wants to boost its share of Europe's gas market to 30 percent from 25 percent by buying into gas storage, gas marketing and power companies.

The target was cited in an export strategy document that management presented for approval at a meeting of Gazprom’s state-controlled board, BarentsObserver reported. The world’s largest gas producer has previously said it would only try to maintain its existing share in the growing European market and try to expand in Asia and the United States, mostly by supplying liquefied natural gas.