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  Sunday, June 16, 2019
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Russia and Greece are considering extending a contract on natural gas deliveries to Greece until 2040
Russia and Greece are considering extending a contract on natural gas deliveries to Greece until 2040, the Russian energy giant Gazprom [RTS: GAZP] said Wednesday. "We could prolong an intergovernmental agreement and Gazprom's corresponding contract until 2040, and we can reach a general agreement this year," Gazprom CEO Alexei Miller said Russia delivers natural gas to Greece, meeting 80% of the country's needs, under a 1987 intergovernmental agreement. Miller said Greece's economic growth is pushing demand for natural gas. "Gazprom has a reputation as a reliable supplier here. It always honors its contractual obligations in full. We treasure this reputation," he said. He also said the two sides discussed the Burgas-Alexandroupolis oil pipeline in which Gazprom is involved through its subsidiary, Gazprom Neft. "Implementation of this project expands and diversifies our cooperation in the energy sector," Miller said.
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