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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.

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Christening of the Northern Lights's CO2 carrier in Stavanger, 2025.

A great leap towards a scaled European market for CCS: Northern Lights expands storage capacity, will store CO₂ from Stockholm  

Europe’s only multi-source, injection-ready CO₂ storage site will more than triple its capacity by 2028. The decision follows an agreement with Stockholm Exergi to transport and store up to 800 – 900 kilotonnes of CO₂ per year. “This decision is years in the making, and the culmination of decades of hard work from many, Bellona included” says Bellona Europa Director Jonas Helseth.