not everyone is happy with his suggestions his plans include pro why then tolls and removing ground level pedestrian crossings but truck drivers are angry at another suggestion which will see them driving at night. because they have lines here in our team i'll be back at the top of the hour and here's our interview show spotlight with al gore no. one come to the stunts t.v. experiments with nobel prizes so people who are going to inspire you to do that it's time for until you are more in this massive structures to get a microscopic make over and the tiny chip can take us a long way defeat of nano comes into focus. on technology update here on the market we've got the future covered.

hello again and welcome to the spotlight. on party i'm al going out and today my guest is alexander. russian prime minister vladimir putin came forward with the idea of creating a unified european energy network it must 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 defeated 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 an energy market aimed at creating competitive conditions for all 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 monopoly's biggest foreign shareholder the german consarn on he's planning to sell his gazprom shares worth five billion dollars on the other hand more european countries are planning to join the russian gas exporters south stream project. hello mr milledge 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 nepean engine rooms this topic was a serious subject of our recent celebration meeting in brussels well instead of just looking for work it was at the new year's history of russia european union by a look we concentrated on i was thinking key issues and while it was a serious ones is introduction of the so the makers should be imitation of which is spoiled for being caught next year and there's

a reason of our concern that if this package will be implemented splined it will means of the interest of serious players the universal infrastructure will be substantially deteriorated and if it will happen. it will be an oil worst month for those of the lack of capacity this was in upstream in midstream and there's a result supply demand 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 we're coalitions to find acceptable solution bourse for for us before. european commission because they've been part

of a long last the negotiations respect of new intergovernmental protocols as well as a corporate greenland's and as a result for a strictly defined what does it the 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 the wall and to germany and to france and we're not creating capacity just to see it only if there's a dog and the bottom around we are but can get an order to do you want to contract it will you it was a custom once and the 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 and you'll a big want to be able to geishas daily ability because our customers has

a very strong flexibility is a quid order in accordance with a confidential dorms a certain war looms and when it's called those they or their income or when they swarm they were there in the last by the capacity is this city for our customers and the last but not least the question who is is. so-called nucleus which could x. is a sort as a search party because. i believe is a complete dish and that is important but. 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 guess and still not clear of whom the european commission see is a potential and the. existing confusion by plenty at the here russian energy dialogue held every year this week russian energy minister schmutz. describe the present state of relations between russia and even in the energy sector as

a lack of trust well is there a chance that this lack of trust maybe may be overcome next february when the e.u. summit on energy will be held. in spite of all. uneasy. events around your issue and i would like to inform was recently during the meeting for me state and get to the president mr miller it was agreed that a special working groups will be created between gus braun and the european commission which will be duplicated two major topics one will be catered to infrastructure projects stream and already in february it will make a presentation to european commission it was all aspects of this project and understanding with 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 situated to them and the second one which i hope will happen middle of next year. base those who were called the second working group is that you created to the nation or gas as a fuel of the twenty first century and this is a major topic for european commission because during this work we can group should prepare to work road map of corporation between russia. particular gust from the european commission in the. sphere ok i hope you're not going to bite me. but ed because i know you are sick and tired of this question but i will be keeping an ask asking it 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 deterred 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 i'm sorry. regime and things are getting the study in the current system with the possible utils easiest of the system of long term contracts but if anybody in the europe is the means to destroy the existing system ways those example of the oil industry when the seven sisters 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 sure those aside those are consumers then the way to get it will be no obligation from us 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 even

with four 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 will share in the gossip places very substantial and surely we are not new for the liberal west markets us pro was a pioneer might get to be billy's ation in germany around in one thousand city would have created a joint venture between gus was part of the sort of. be a serf i believe and nobody made us a gift nobody told us they can market share with heavily invested in pipeline system in underground storage is a visit is all over in german market fifteen percent of the wholesale. market in germany. we also buried. underground storage supply and go across the most was a guess which you are the ground storage is in the u.k.

we were very close to our customer to see the retail sector i was joking that nowhere in the position to feed the gators of the pretty beautiful lake it was because most of what i was when she is there you. can we even have a couple of majors 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 you can parties 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 is very often presented or one of the easier forces 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 hops look really cute enough you know the uninterrupted bull supply and plays a very. yes that the. spot but isis up and. you see how the dollars which is critical still a long total quantum of crisis and it's a deflection is that supply and demand is the system is working and the use it is a little gas so that is a low dose but if they show for the gears and the market will react and obviously there was a limit slowdown in the europe and in the world if there was more good gas produced in certain projects but. it's no in the new decision no additional compassed it will show up and didn't major fields what he would in the world but there from his window and in live at the body so if investments in upstate and means that it will not go up and it's a bt and some didn't so dollar seventy year. it will be

a deficit says alexander the deputy chairman of the gas problem national committee and director general of gas prom export spotlight will be back shortly after a break so stay with us. wealthy british style the sun. rises. again. markets why not scandals. find out what's really happening to the global economy kinds of reports on. a closer. to the times. where rich academic life gives birth to innovative ideas. no margi goes to the area which together with boosting

industrial development. offers to make a journey into broaches history. and to enjoy urson vivid cultural life. welcome to the term region. 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 in

a 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 let's first of all every. side of the country actually jewish and certain rights and obligations and the other was a basic arise from both sides is to call the price revision. on that it will basis normally it's one in city years or in five years and it's not just automatic you should proof that something serious happened in order to call for the price of evasion and in the history you didn't could use a prize across the world to two you could use a price and it was always normal normal come initial negotiations prices heated seriously west in the comics 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 subsidy it is injured vicious as if of low but if it is also come and ask and. was going to call is a market that is a possible to accommodate the changes and you are doing is is from addition for example we will introduce at sort of the war room was treated differently. company's really was a long term basic conference where savings for the warriors on the sport index indexation but simulate pena's reads different flexibility in this context and as a result the changes are owed a lot 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 in 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 road map. chain us colleagues from c n p c major gears of the oil company of china and in the car those with this roadmap commercial called it should be signed the middle of next year and. looking back. with the positions that were called may 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 it's where the older people believe that the nation of this is easy product it's not so simple and conditions

of delivering gas. should be defined in menu party with dozens of parameters in there with a quantity of fixed and now surely it is only open each. 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 was there a chinese spy plane 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 participate in the south wind project 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 to do it can actually key inskeep local so

how do the city project the results of any promise and. do we in the framework. 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'd join subject to the competitiveness of the proposal and. where in preparation we'll know of memoranda which shall we sure will cover a long. broad area of corporation b three in the show i've got from not only in russia but also outside russia because our principal didn't change and we were happy and open to invite foreign partners to develop that it is all about subject that in exchange will get access to the shas close projects. and what is

a world and i do hope and we do know is that shell has said so which could be of interest for us and the full 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 just because you know. that you were interested i mean you personally were interested in the in the. 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 nemmco fields which will delay the liquefied projects why did it happen nothing mystical 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 year. respect our stock when we are still targets into

a big final investment decisions on pipeline goods and on all injury in next year so just two days ago it was a board of directors social development agency. we talk all the decision jointly it was a fringe 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 before 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 couple months ago now in the

ember last month you were already expecting the recovery of the year per 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 was basing that they're both roles of the among the well as between supplier into. 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 and such countries like germany france the demand is already restored was a progress since level but such ground that is of. europe like e.p. really like bulgaria greece probably. the demand is far away from the previous ones of successful pre-crisis years and. it

influences the offtake walloons 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 the euro which is surely going it was accelerated rate. i gave disciplines a balance will be stored away just to solve a fortune or fifty and above the do you want is a very dear restoring closer quickly. we have reports that that group dance is one of the biggest shareholders of gazprom for unshod is reason 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 he 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 but every shareholder has a right there's no tell you to buy but also to sell and we'll analyze the economics of potential sales it will give a fortune to to you on the little guys because they bought their share of billion. there expenses from a far far below. their decision to my mind is a reflection of the economy the difficulties we should be whether aggressive face and. you long will you change and probably it's a reflection also some winners want mistakes they made but with the sort of the. we will have a new in your shareholders you on the regrets was the biggest foreign shareholder but approximately twenty percent of our shares scions offense of different investment companies but i would hold those and should is

a more diversified investment basis a bit for the company and but the liquidity. interest to the shadows so. the time will show whether this is in the field of gus 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 preferred to borrow yeah i mean you don't you don't really care actually what. 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 prom back sports 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 me a line at al gore not at ati t.v. dot are you and let's keep spotlight interactive movie back with more face time

comments on what's going on and and outside russia until then stay and party and take care. of. for six months the 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 took a heavy toll on. the sony dami switched to the offensive but was the first sunni or defeat of the wehrmacht. battle for moscow an arche.

look for intolerance or crime crackdown switzerland prepares for a referendum on the weather and to the board immigrants caught committing serious crimes. biting off more than you can chew georgia flirts with bankruptcy as the government is plunged into debt partly due to a series of large scale vanity projects charged to the taxpayer. and it's all about the money in moscow as the mayor seeks ways to spend the city out of traffic gridlock but not everyone is happy with his suggestions. this is already coming to live from moscow i'm marina joshie welcome to the program switzerland could soon kick out any immigrants cog committing serious crimes including everything from break to drug dealing the ideas being put to public vote in a country.