the deputy chief executive alexander medvedev on artie's interview show spotlight to talk about how russia's biggest company is creating a secure network for gas deliveries to europe stay with us. through the staunch t.v. experience with nobel prizes so people who. printed. massive structures to get a microscopic make over and in tiny chip can take us a long way to think of nano comes into focus. on technology update here. we've done the future cover.

hello again and welcome to spotlight the. party. today my guest is alexander. russian prime minister vladimir putin came forward with the idea of creating a unified european energy network secure fast and easy delivery of natural gas from russia to european consumers and help avoid transit problems in this plan that the south and north trains the new pipelines developed by gazprom along with its european partners will be integrated into the system now what else will it take to fulfill this project joining me now is deputy chairman of the gas problem management committee and director general of gas export alexander admits that. russian prime minister vladimir putin has been criticizing europe's idea of implementing the so-called third energy package the europeans want to diversify

energy market aimed at creating equal competitive conditions for oil and gas suppliers but putin says this will deter investors from pumping money into the new gas projects but some critics are saying guess prom state of affairs is far from ideal the monopolies biggest foreign shareholder the german consarn on he's planning to sell its gazprom shares worth five billion dollars on the other hand more european countries are planning to join the russian gas exporters south stream project. mr millet of welcome to the show thank you very much thank you very much for being with us welcome. the eve of his visit to germany and prime minister putin shared his views with. germany and their article which is called russia and europe from

learning the crisis lessons to a new agenda in partnership it reads i quote in a few years we will have worn interest share and a deficit of energy resources that means high prices for european consumers and quote what exactly makes russia and probably gazprom so unhappy about the new p. and engine rooms this topic was a serious subject of a decent celebration meeting in brussels well instead of just looking workers at the new us history of russia european union and their look we concentrated. and while it was a serious ones is introduction of the so the energy makers should remain patient which is spoiled for being called next year and there's a reason of our concern that if this package will be implemented splined it will means or the interest of serious players to invest in infrastructure will be

substantially deteriorated and if it will happen. it will be neuer the worst month of those of the length of cup race it just was in upstream in midstream and there's a result supply the amount rules will play and customers will be heated by as a skyrocketing prices well here's an example of the third energy package applied the polish gas system once to give access to your model year apart like two third parties what how does it affect the interest of gazprom and what may be your reaction to that but in case of war and were coalition to find acceptable solution was for for us before. european commission because they've been part of the long last the negotiations respect of new intergovernmental protocols as well as the corporate agreements and as

a result of strictly defined what does that they mean free complacency is a pipeline because currently and foreseeable future it will be no free cup basically in the pipeline because all the capacity is booked in order to do it against paul and to germany to france and we'll look at agent just to see it only it is a dog and. we are but can get an order to do you are contracted were you it was a custom was and is a major question which is not on sort of the european commission how in the case the sub party x.'s will be implemented we will be in a position to execute our obligations annual ability what they're able to geisha is the daily ability because our customers has a very strong flexibility is a quid order in accordance with a confidential tormes a certain war looms and when it's called the they or their income or when it's warm

they were that influenced by the capacity is the city for our customers and the last but not least the question who is this. so-called nucleus which could x. is a sort as a sort party because. i believe is a complete dish and it is important but in order to compete you should have substance to compete with us and in our industry you should have a guest to compete eyes or it's produced guess or contracted yes and still not clear of whom the european commission see is a potential and the. existing confusion pipeline system and the huge russian energy dialogue held every year this week russian energy minister schmutz. describe the present state of relations between russia and e.u. in the energy sector as a lack of trust well is there a chance that this lack of trust may be may be overcome next february when the e.u.

summit on energy will be held. in spite of all. uneasy. events around the ration and i would like to inform recently during the meeting of the stage and president mr miller it was agreed that the special working groups will be created between gus braun and the european commission which will be good you created two major topics one will be catered to infrastructure projects stream and already in february it will make a presentation to the european commission it was all aspects of this project and our understanding was that this presentation will be done in the presence of our major customers with the ridges the also come when turned over to on such a ration say related to them and the second one which i hope will happen middle of next year. base those who work with the second working group is that you catered to

the nation organises a few of the twenty first century and this is a major topic for european commission because during this work working group should prepare to work road map of cooperation between russia. particular gust from the european commission and the. sphere ok i hope you're not going to bite me. but because i know you're sick and tired of this question but i will be keeping an ask asking over and over again if there are negotiations with the e.u. fail and the problems which mr schmuck i was speaking this who will be detained reiterating will gazprom give a green light to to the creation of a sort of a opec style cartel and gas will but also at all times a kind of so i'm sorry. regime and things are getting the study in the current

system with the possible utils easiest of those a system of long term contracts but if anybody in the europe is demian to destroy the existing system ways those example of the oil industry when the seven system of systems of big corporations have been replaced by a good spot market. then the situation will change because if it will be normal again shown on the side of the consumers then the way to cure it will be no obligation for most but i'm rather sure that nobody in the sound sense of the mind will try to go with this we're ok so it wasn't. it wasn't a yes but it wasn't and never yeah so it's well maybe maybe not. for creation of the system in which we will even the government. really benefit

we don't need given the car to begin with because i was sharon's a guess it was a very substantial and actually we are not new for the liberal west markets us pro was a pioneer in the market to be but it is a shame in germany and when in one thousand city workers created their joint venture when gus was part of this sort of interest called be a serf i believe and nobody made us a gift nobody told us they can market share we heavily invested in pipeline system in underground storage is a visit is old now with when german market fifteen percent of the wholesale. gives market in german you. will also be region with underground storage supply and come across the most was a guess which you are the ground storage is in the u.k. where were you close though a customer to see the detail sector i was joking that nowhere in the position to

feed was a gives of the pretty beautiful a good because most of what i was when she is there you've. done it and we've even had a couple of agents there and the british premier league mr medvedev speaking of the liberal marches that you were mentioning a minute ago. norway and qatar are giving more flexible terms to today european partners what can gas probably do to make russian gas more competitive are you ready to compromise on prices and what about the other as egypt this is very often presented and one of the easier for us is because we know like it from inside. of a joint venture sort of a subsidy it is close those across those would would do know how the system works and it's acquired. exaggerations and now you could buy gas was a guaranteed supply on the spot the basis because a sport. enough you know the uninterrupted bull supply and buy as it were.

yesterday we spoke but isis up and see you see how they did build us which is good or close to the well along total quantity but isis and that's a deflection is that supply and demand is the is of the system is working and the of that is low gas so that is a low dose but if they show for the gears and the market will react and obviously the war the economy slowed down in the europe and in the world it was more good gas produced in certain projects but. its no in the new decision no additional compassed you will show up and didn't major fields ever he would in the world but there from his window in the in live at the body so if investments in upstream with means that it will not go up and its a bit in some didn't so dollar seventy year. it will be a deficit says alexander the deputy chairman of the gas problem magine committee

and director general on the gas pump export spotlight will be back shortly after a break so stay with us. sweet and cleve. salty and beer useful. radioactive and dangerous. even deadly and desolate. they all keep their unique secrets their bottoms unique lakes on our team.

more news today. these are the images world world has been seeing from the streets of canada. showing operations to rule the day. welcome back to spotlight i'm al going off in just a reminder that my guest in the studio today is that xander to me that is the deputy chairman of the gazprom management committee and director general of gas from exports most of it if there are attempts by some consumers like italy's edison spa to review that take or pay contracts with gazprom i know you are very proud of these concerts we've been talking about it and our previous interview and this

studio well is gas problem ready to compromise with denison is there is there any risk that that more european consumers may follow its example what's first of all every. side of the country actually jewish and certain soap and rights and obligations and the other was a basic advice from both sides is to call the price revision. on the regular basis normally it's one in city years or in five years and it's not just the automatic you should proof that something serious happened in order to call for the price of evasion and in the history you ask to increase the prize across the list to prove you could use a price and it was always normal laudable come initial negotiations prices heated seriously western economy x. and inspired the fed as a rational guess was is and will stay competitive so the question of competitors of

our customers arise and actually in the least those discuss them with all cs of a subsidiary is injured vicious as if of low but if it and they're also come and ask and. was going call in the market that is a possible dockum of these exchanges and you are doing is is a combination for example with you in the to do that sort of the warden was treated differently. competitor was a long term basic conference where savings for the warriors on the sport in dixon indexation but signal to new streets different flexibility in this context and as a result of the changes some old not so that i waited as presented in the press but the basic rule obligation of the customer buys it takes a guess or two plays a guess should not be cheated because then it will mean that it will be new brave world with unpredictable consequences true is this the per share from the european

union gas promise diversifying its supply lines and mainly to china but as far as i understand you haven't yet reached an agreement on prices with the chinese partners everybody is waiting when when it where is that going to happen when are you going to agree on the price so popular web. road maps of the old map. showing us colleagues from c in peace even major gears of the oil company of china and in the car those with this road map commercial called it should be signed the middle of next year and. looking back. with the positions that with the way go to substantially two months in a commercial negotiation because we have. signed the basic expanded basic terms and conditions it was not easy because in spite of the a lot of people believe that the initial guess is easy product it's not so simple and conditions of delivering gas. should be defined in my new partner with dozens

of parameters in there was a quantum fix and now that surely is only open each is. certain parameters of the price for a price for the employees which was also not these two when you go share it but no actually only a couple of my remit. should be defined that is and this is jim called work and will start construction of the pipeline to be connected with their chinese biplane system in order to expand your present thin air on the asian market in the east asian market gazprom is planning to boost the saleen three four and five projects and we know that while that shell is rated participated exactly in projects can you name other companies are there other foreign partners that are ready to to invest into these projects. right in the reserves is a very attractive reserves and the world you work in very actively in key inskeep

local sahal in the city project the results are very promise and. we in the frame of. agreements with foreign part of the us if we decide to invite foreign partners and colleagues in cycling to me so in bits and pieces they have so. i am sure that i had to join subject to the competitiveness of the proposal and. where in preparation of memoir on the wish shell we sure will cover a long. broad area of cooperation between the show and guthrum not only in russia but also outside russia because our principle didn't change and we were happy and open to invite foreign partners to develop that it is all about subject that in exchange to get access to the shas close projects. and what it is

a world and i do hope and we do know is that shell has good as it so which could be of interest for us and before will find a solution which will be acceptable for us and eldest for them then this cooperation could have spread and could include also copulation incident. i know. that you were interested i mean you personally were interested in the in the loop you find natural gas projects but i read that that gazprom has has put aside the development of the arctic feels a stockman and the bovine end of the fields which will delay the liquefied projects why did it happen in a single historical behind the we are working from the market and if market doesn't that it was a war looms there is no need to in the west today and just performed the introduction of a boy and co for one the. respect of stock when we still targeting to pick for the

investment decisions on pipeline gas and on all injury in next year so just two days ago it was a board of directors social development. and we talk all the decision jointly with fringe in the region part though so. we are as a sure stock will give us a splint in two souls and six to the first of injury into sobs and seventeen if we will take final whistle decisions in due time ok i have a couple of quotes that may may sound pretty worrying for consumers well demand. for the fuel remains pretty low in europe but in the middle of this year you suggested that the european demand would return to the pre-crisis level no later that by the end of two thousand and thirteen that was

a couple months ago now in the ember last month you were already expecting the recovery of the year but bear market by two thousand and fourteen or at least two thousand and fifteen so you are reviewing your expectations why and should. consumers to be precise i will be a singleton both the growth of the among the well as between supply and. money. will be restored and it's a little bit different questions and we'll read you see is a demand from a show gets in the europe on a british is growing but not everywhere in such countries like germany france the demand is already distorted was a bit crass since level but such a cunt that is of. europe like eat the like bulgaria greece very early. the demand is far away from the previous ones of successful progress years and. it influences take warden's on that of

a quantity and also the new. supplies which were diverted from the united states to europe and created certain disabilities but you knew it was inevitable decline of production in europe which is surely going accelerate at the rate. i gave to sponsor the balance will be restored latest two selves of fortune or fifty and above that you want is a very dear restoring closer quickly. we have reports that is that true gas is one of the biggest shareholders of gazprom for unshod israel is used to sell its three and a half percent of your shares and the be the kind of bank is said to be the probable buyer but the finance minister couldn't is quoted to say that the b. didn't consider this issue at all so can you confirm that the germans are really

just sell and if so who would you like to see as a potential buyer whatever shareholder has a right there's no tell you to buy but also to sell and we'll analyze the economics of potential sell it will give a fortune to the e.u. on the regards because they bought a billion. expenses from a far far below and their decision to my mind is a reflection of the economy difficult just wish he were that aggressive face and the long will you change and probably it's a reflection also somewhere was a mistake as they wait but with the sort of the. we will have a new. you on the road gus was the biggest foreign show hold at about three blocks and with twenty percent of our share of science a sense of due for an investment company is what i would show holders and it is

a more diversified investment base as a bet for the company and but the liquidity. interest to the sheriff's about that so. the time will show whether the decision will feel that of course was good for them or not and so you do you do confirm that they're ready to sell but you don't have anybody who we you would prefer to prefer to borrow yeah i mean you don't you don't really care actually what the. investment was it was a solid base will come with will be good for us thank you thank you very much mr medvedev and just to remind you that my guest in the studio was alexander made very of who is the deputy chairman of gas pramanik shipment committee and director general of gas problem x. parts and that's it for now from all of us here if you want to have your say on spotlight we have someone in mind you think i could interview next time you drop a line at al gore not at ati t.v. dot are you and let's keep spotlight interactive movie back with more friends and

comments on what's going on and and outside russia until then stay and r.t. and take care. of.

for six months russian capital was in a state of siege. days and nights people lived in fear of occupation and were preparing for the desperate defense intense battles to be told of. the sony dami switched to the offensive line was the first su near defeat of the where moms would. battle for most go on or keep. the.

prime minister vladimir putin pushing for closer ties between russia and the e.u. with an ultimate goal of a free trade zone during his visit to berlin also tried to court the german vote for russia's bid for the twenty eighteen football world cup the prime minister also expressed confidence in the euro and said russia might form a joint currencies only one day. three crewmembers for any international space station return safely to earth after five and a half months in orbit the crew conducted scientific research and performing maintenance activities during their stay aboard the i s s when astronaut also sent regular twitter updates and posted stunning pictures taken from the eye assets. and cold welcomes russia's recognition of the one nine hundred forty kotkin massacre after the state duma declares the soviet leadership a sponsible for the atrocity the soviet union played by nazis but the massacre of twenty two thousand polish officers were killed on the direct order of joseph stalin. coming up next the alone to show as.