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hello again and welcome to the spotlight. on party i'm al green now then 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 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 probably 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 a 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 from state of affairs is far from ideal the monopolies 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. mr village 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 as 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 to 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 a decent celebration meeting in brussels well instead of just looking worked at the leaders history of russia european union dialogue we concentrated i was thinking key issues and while it was a serious ones is introduction of the so the energy package should be an international 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 of the interest of serious players to invest in infrastructure will be substantially deteriorated and if it will help and like it will be annoyed with want to solve the lack of cup race it just 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 applying the polish gas system once to give access to your model year apart light to 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 coalition to find acceptable solution was for for us before. european commission because they've been part of our

long last the negotiations respect of new intergovernmental protocols as well as the corporate agreements and as a result for strictly defined what does that they mean free complacency is a pipeline because currently it and foreseeable future it will be no freak up basically in the pipeline because all the capacity is booked in order to give you a guess to paul and to germany and france and will not create income just to see it only it is a dog and. we are but can get an order to do you want or are contracted will you lose a customers and the major question which is not on sort of the buy european commission how in the case the sub party x. is will be implemented we will be in a position to execute our obligations and you'll a big what they're able to geisha is daily ability because our customers has

a very strong flexibility is a quid order in accordance with a contractual storms certain war looms and when it's called those they or their income or when they swarm they would that include as above the capacity is this 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 that is important but you know to compete you should have substance to compete with us and in our industry you should have a guest to compete iser it's produced guess or contracted yes and still not clear to whom european commission see is a potential and the. existing confusion pipeline system 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 has

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 corp i would like to inform recently during the meeting from the stage and get president mr miller it was agreed that the 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. and already in february it will make a presentation to european commission it was all aspects of this project and understanding that this presentation will be done in the presence of major customers with the ridges the also commented on such

a ration say related to them and the second one which i hope will happen middle of next year. base those workloads is second of the 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 working 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're 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 them i'm sorry. regime and things against industry in the current system with the possible utilization is those a system of long 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 no obligation on the side those are going to humanise them to make it good 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 a never yeah well maybe maybe not even when for for

creation of the system in which we will even the government. really benefit we don't need even a car to begin with because i was sharing the gossip was a very substantial and actually we are not new for us really but almost markets us pro was a pioneer might get to be a bit of these ation in germany and when in one thousand city workers created the joint venture when gus was part of the sort of. be a serf i believe and nobody you made us a gift nobody told us they can market share with heavily invested in pipeline system in underground stories and as it is old now we have in german market fifteen percent of the wholesale. market in germany. we also berates in underground storage supply and come across the most was a guess we should have the ground story in the u.k.

we were very close though across the want to see the detail sector but i was joking with norway in the position to feature the gives of the pretty beautiful belief that it was because most of what i was one history of. in we even had a couple of majors there and the british premier league mr medvedev speaking of the liberal marxist that you were mentioning a minute ago. norway and qatar are giving more flexible terms to to their european partners what can gas probably do to make russian gas more competitive are you ready to compromise on prices of what about the other as egypt has 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 hops as you could get enough you know the uninterrupted bull supply and buy as it were. yes that the. sports but isis up and see you see how they're delicious which is good in close to two hour long total quantity prices and it's a deflection that supply and demand is the is of the system is working and that is a little gas so that is a low dose but if they show up for the gears and the market will react and obviously the war the economy slowed down in the europe and in the world and it was more good gas produced in certain projects but. it's no in the new decision no additional compass just will show up and didn't major fields ever he would it was a will but there from his window in the in live at the bridge so if investments in upstate and means that it will not go up and it's

a bid in some billions of dollars seventy year. it will be a deficit says alexander medvedev the deputy chairman of the gas problem majnun commenee and director general of the gas pump export spotlight will be back shortly after a break so stay with us. sweet and cleve. salty and fair use for. radioactive and dangerous. even deadly and desolate. they all keep their unique secrets their bottoms unique lakes on our team.

lead closer. to the times cleaner where rich academic. gives birth to innovative ideas. no argy goes to the area which together with boosting industrial development. offers to make a journey into russia's history. and to enjoy birds and vivid cultural life. welcome to the pair and regions russia close up on our cheap. 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 their take or pay contracts with gazprom i know you are very proud of these concerts we've been talking about it and a previous interview and this studio well is gas problem ready to compromise with dennison 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 delicious as a certain certain rights and obligations and the other was a basic advice from both sides is to call the price revision. on that eagle basis normally it's one in city years or in five years and it's not just. 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 prove you could use a price and it was always normal laudable come initial negotiations prices heated

seriously western economy 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 and sick of law but if it and also crime and skin. was going to call in the market that is a possible to accommodate the changes and you are doing does come addition for example we will introduce a sort of the warden was treated differently. company's really was a long term basic contracts 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 the changes on the road so that i waited because presenting the all in the press but the basic rule obligation of the customer buys at the 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 or 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 well the road maps are becoming more the map. showing us colleagues from c n p c major gears of the oil company of china and in that what 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 inspire the people believe that the nation of this is easy product it's not so simple and conditions of diluting gas. should be defined in many pattern with dozens of parameters in a way to quantify the fixed and now 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 it should be only a couple of very many. it should be defined as 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 very actively in the key inskeep local sahal in the city project them the results of any promise and. we in the frame of our agreements with foreign particles if we decide to invite foreign partners in the colleagues 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 will know of whom are under which shall we sure will cover a long. broad area of cooperation between the shell and gus from not only russia but also outside russia because of the principle didn't change and we were happy and open to invite foreign partners

to develop our state it is all about subject that in exchange will get access to the shops close projects. somewhat in the world and i do hope and we do know that shell has good as it so which could be of interest for us and the four will find a solution which will be acceptable for us and i was 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. 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 name cover fields which will delay the liquefied projects why did it happen nothing mystical be current there were awakened 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 are still targets and take 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 agency. 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 rest of injury in to solve 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 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 about to be precise i was wishing that about the growth of the among the well as between supply and. 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 to the particular us as well but such a cunt that is of. europe like they really like bulgaria greece is really.

the demand is far away from the previous ones of successful pre-crisis 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 to reach at the rate. i gave disciplines a 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 that group dance is one of the biggest challenges of gastro 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 v.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 the shareholder has a right there's no tell you to buy but also to sell and you for will analyze the economics of potential sales it will give a fortune to to you on the regards because they bought the share of billion. but there was a expenses for from a far far below and their decision to my mind was a deflection of the economy the difficulties we should he were little aggressive face and. you long will you change and probably it's a reflection also somewhere was a mistake they say wait but with the sort of the. we will have a new hole that was you on the whole gus was the biggest foreign show holder but

the folks in with the twenty percent of our share signs offense of different investment companies but i would show holdings and it is a more diversified investment basis a bit for the company and but the liquidity. interest was a share of about two so. the time will show whether the decision will feel that augusta was good for them a lot and so so you do you do confirm that they're ready to sell but you don't have anybody who we you would prefer to buy yeah i mean you don't you don't really care actually what the. investor 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 in the 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 who you think i could interview next time to drop me a line at al gore in up at ati t.v. dot are you and let's keep spotlight interactive movie back with more faith and comment on what's going on and outside russia until then stay and party and take care. of. wealthy british style it's. not like. markets why not. find out what's really happening to the global economy cause a report on our. iran

presses the on the swiss for its first nuclear energy plan. iran's nuclear she says the new russian built reactor has been loaded up with fuel for more joining me that i know that about later in the program. but the people should no longer be in switzerland because they just don't deserve to be in switzerland in the dark and wants to get over it as far as switzerland set the world referendum to decide whether immigrants who commit serious crimes should be killed sounds of the culture of. georgia's economies living on borrowed time as its foreign debt spirals on the president's watch remember where the money's being wasted it's. a very well.