may cost three point seven million dollars what's that all about with. one of the sophisticated to information technology to. the of value is there more than there was this is quite normal scene for all the members of the. so so for me i pad is the norm for against problems. no i don't know where you did this figure i hear it for the first time about forty four million dollars i have. all right if it's the high price my it but there's a much less expensive. to the business talk not eager stitching chief executive of state oil company or sniffs and one of president putin's closest adviser says rome was too late to realize the rather a threat posed by us shale gas and russia is now risking to lose the race for the gas markets if it fails to act do you feel like you've slept through the shale revolution you say we're all was murdered thought in goals of more than ten then says it was

a guess and the oil market and. markets connected to the gears on the oil and. it's very strange to hear. the shale gas we were sure who. all was involved in. come up they. could see it was a market that is it is. believe that maybe it's a nice war. but which is a standard says influenza situation there is american gas market and also you had certain influence in. european markets about the not. sleeping. than what the way you believe if this had to be done to stay competitive so you feel like russia isn't missing out on anything as far as shale

gas. first of all don't exaggerate the influence of the show get. on t.v. too obviously we should. change a brooch those are medical not a kid because at the get magnified i watched bachmann project was. most american market now. united states of going to. be self-sufficient by even considered in the explored. before but we were well prepared to stay competitive and busy when so was a card in theaters just got a phone and. we. restored and it can be competitive it was. there which actually was not even them aged. ok but like you set us shale gas production is booming while you are pm countries prohibit it

one by one why such extreme points of us why such different let it be is that it was a book munich and now we see you already a slowdown not on the in production about the also in the speed of was a brilliant. and the many a company is forced to sell their assets in shell gas production actually it was a current level of price in the us it's not possible to have a profitable bit of action in majority chose shelagh. fields and i would like to come from quart there's a president of france football that as long as he is a president he will know that they love the production of shale gas in france and that is that a quite a number of reasons behind this opinion and i was assured of the french president will supply it with all these a very little information about shale gas but their

show and problems and number one is the. core stuff of action of shale gas and europe is a company everybody hire. in the united states and also as a situation that was there was a environment is different because in the us it's where the production is on populated areas which are quite a well a bill in the united states but there europe we can't find such a big areas among populated. reach with the water and that we should not also close our eyes is that there is a environmental effects in the world and that at the quite a number of the. distorter been facts associated there is a production of shale gas and it's not a surprise that. in poland all the major structural stepped out of the

shale gas exploration so if you like environmental issues of secondary importance for the united states. in the europa was a problem of the water for that in cuba is very important to put that the risk. of water what is' and. is a. number one priority. as i told environment plus the cost. because by virtue of the additional gas in europe. and i mean first before. incompatibly more competitive. by the action of shell gas if you will. but but for us for russia we're not interested because of our environment or because we just have enough gas as it is we don't need to extract it or is it also costly in a technological drac what's what's what's the reason of russia and russia. russia is very rich with

a shell that is sort of this probably in the next century of the time will come when the shale gas production will become say the russian but got to have enough. for the car and censured it is orders of the usual. it is sources and. new areas or four. or four offshore fields and not before get the arctic and sure as a cost effective it is for this reserves will be unbeatable and that's why when i was assured of that. will we where ease and we will stay competitive in the world the gas market meanwhile as you've said not only america has become self-sufficient in natural gas but is also about to challenge middle east and russia in export in gas to europe did you expect united states would turn

into a natural gas exporter so quickly. issues that is assert them in the west one cycle before a new project would be would be idealized if you. could but then show love exploded and go from there as it started get to. the start of the in both nights in and the war yom is a marginal company to it it was a cut and a new export of the sierra were planning to export. was about one hundred fifty two b.c. i'm so that's why and especially in view of declining production in western europe which is happening quicker than expected we are not there for a go of it bitterness of gas if it will appear from the sources. but we still get a sense that with the arrival of the american guys plaster middle eastern share

your prey's ready to manipulate energy prices some have actually already started it like bulgaria has negotiated twenty percent discount if there was a lot of will arise negotiation procedures which are. included in our contracts. and sell it as that i had spoke all but i see visions in the soap and be of dime a subject that justified by the development those a lot of good you should and that's why it's absolutely normal to see price revision negotiations. on both sides in our practice we reached the crease of the prices when the prices was a lot more and the price was. high and due to go shares as a brother that. we will be in a position to work to keep our market share and also

the market will continue to do well and to to correct the price we. don't see any problem from a correction of a surprise dependent from which level this correction is that is done. so you just mentioned azerbaijan recently a consortium was chosen to park gas from mars or bridge on to western europe further reducing dependence on russian supplies are you not concerned at all because people are getting a sense that maybe maybe maybe the world is trying to sort of push out russia out of the competition i'm sure the. russian gas in gas consumption in europe could already go all we believe from the current level of twenty. six but a. share in gas consumption the euro could grow up to thirty two or maybe even higher percentage at the reflections. of our long term contracts

which are on the level of they call play not on the manual confidential where the but that they cop a level is exceeded four trillion cubic meter so guess and was a really good year beyond two thousand and thirty at those thirty five. so the share of even part of that will inevitably grow in the european gas consumption then the among the suppliers russia has the best ability to deliver a dish and will be one of them of gas subject that buyers will claim this additional war looms what if the european union i will write down in our calculations is based of the conservative scenario and we see is that the europe is experiencing serious. like i wanted problem.

actually we don't see a lot of fact that are so but then surely comedy of some people even speak about but then if you're up in the sense of industrial production. and you have those a lack of. energy is one of the major effect of the compared to doing this. or if if europe would like to keep the economy grows there's a should seriously look and see that there's an option of increasing the share of they should organise and they're going to do well and not the sort all billions and billions of euros to subsidize. the already in your bills falsify the gym and we already see the negative result of this subsidy this one's a budget that is the money would have been companies not all that is small but also big all right is it time for

a short break now but coming up next gas wars and who wins also who will be difference to plug there into the chinese markets stay with us. from one reverberate through the centuries when vengeance called for blood. i have imagined hanging in this member for eight years to. get out wave law and faith in the caucuses. then do it as well. from generation to generation they killed my son with impunity i too killed them with impunity there

was a question of honor can once mortal enemies be reconciled today. see . echo from one shot reverberate through the centuries when vengeance called for the blood. of a magine hanging and this member him for eight years for. it outweighed law and faith in the caucasus. vendettas were handed down from generation to generation and they killed my son with impunity i too killed them with impunity it

was a question of honor can once mortal enemies be reconciled today. blood and. see. right on the scene. of the first strike. and i think the church. orders twitter. and instagram. to be in the.

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welcome back to the show we're discussing gas and what it fills where they had of russia's gas from expert company i've extended me to a great to have you back at just a bit more about europe as it is here accuse of unfair competition of doing business like a monopoly by the european commission do you feel the pressure to change your strategy and hero when surely you would use a lot of the big names a buy a new dove can begin to show in the european government again and nobody made those gifts. there's a lot of kids with every just market share in in european countries by investing

in infrastructure in the underground storage is in the systems and people and that is old for example in germany and. joined us as a quiet car in a market share it was a local german market big city and fifteen percent but the situation was guess. we could not do that are north of the suppressions there's a limited number of blood you sort of you know if you surely. create competition could be just a status in the market the north of the compete you should have product. in your hands and when. we do the european commission is the right to leave me. with a procedure to deliver our product our customers i believe it will not increase can be dish it could deteriorate can be too sure. as far as it is concerned gus braun

has always been a partner that fulfilled its supply obligations why is europe still distrustful it was a. strange abroad because again starting from the fields supplies still he was a lost. supply as gus but i was always in compliance with its obligations we experienced there is a crisis with a crane but. it was absolutely a responsibility of four crane work i've done every sin can order to avoid. any problems with the result was supplied by the crane. prevented us to supply our guest to the customers and. then the a mass media. actually present it's at this show is a salute to the wrong way the facts which were presented by us so i believe it reflection of. or for very short of. that

a spectacle of that all of them or that in them or the world but are there more it's all de lima what is best what is the best the words are best for the world to show a strong. and unfortunately a sound but he. still believes that we could ask is whether there was a strong pressure. but it's wrong because a stronger russia will be economically is a better will be for the world. so will we see more gas worse with ukraine i mean after world this is of crucial importance for your image and reputation abroad you see you that you should easily cheer cover the petition was obama not of the legion of take out of russian gas or small customers in the european companies and hundred percent sure that they will not hear any complain about us for it was the people

who were involved in the beetle so actually. it tempts to degenerate the image of god and there was a blend campaign around the creating in the when's your company also wants to claim fifteen percent of the world alan g. market in a future what particular markets do you have in mind at this point well in the production and export this part of. ellen g. is a flexible pipeline which allowed to optimize export but for you to give away is the pipeline guess and the cut into the way our producer evan z. and. so highly into project and the work of launched. well you are spoke ellen g. project was a potential couple is it your fifteen million bones and the fire with wes would you see this what are you taken and just recently we launched

a project that is unable to govern in the european part of russia when your son peter boarded where the gas will come from our. guest those are unified to get those but patient systems. and also were considered but they're still expensive are suffering too for another five million pounds so all overall capacity of our own production but a loss. for the so part of the project could be in cost to the data good feed or we should mention the future was a world market but we are as a sure that we will exhibit real was acute this proposal that there was it will be absolutely competitive but do you feel like right now you're a little behind and then the rest of the world on that one well we have one l. and g. plant so far we're not going to see the behinds at the end of the window but unity

is still opened and we will we will utilize this window in the most effective and efficient way that's from is one of the few russian companies allowed to drill in the arctic well while humans are you hoping to tap their. would stall it to say because in the in the exploration or even pretty explosion stage but. as a warrior more reserves is huge obviously new technologies will be required the workings arctic north to. where it is since a different environment those is part of the world but in new york is a huge interest in the arctic development of mediocre that is that dick knowledge is already developed or will be developed and. sure of the.

russian. scientists and technologists will but it is a human is in order the will be properly utilized in order to develop so got into the were prepared and because special program for it to development and we see that also in many account that is out of area is of great interest but what is your gas can the arctic turn into a new middle east of the mineral extraction with so much fuss around it especially . for again maybe a little discussion of this topic in a couple of years when we will have more more data and more information about the modes is part of top of. of our development right a deal to deliver pipeline gas to china was expected to be signed in june you recently played down prospects for it being signed even in september what is a realistic date and aren't you actually worried that america may be to china or

chinese market isn't important enough for gas problem no we can see the chinese market as well as the market in other contests of or for asian pacific reason the more the dynamic and most. attractive. there's a reason why it's took for a long time to negotiate and we still don't what is are is is very simple because in china gas prices is still. subsidized because it would be a market economy situation there that will be easier to negotiate but the gap between the internal prices and pretty william. of market prices in the area including governor you put prices. surely doesn't allow china to find. solutions with us which will be mutually beneficial because the

price of to issue an inch or in these is what they do create to the market conditions. and stages of edward snowden has proved that commercial talks are always target foreign intelligence do you sometimes feel that like the other side knows too much about your bargaining strategy. i believe that. information systems. safeguarded was there more than technologists and. where did the full. the school could be reach. commercial files. at least. in those negotiations.

and there was. well now i know why gas prospered so much money and i pads. and we did save the director general of russia's gas from exports thanks for being with us today that's it for today folks you watch with me sophie shevardnadze i'll see you next time. he.

wealthy british soil the sun it's time to present its priceless. market why not. find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines. killing a killer though if they're going to kill some. of the the consensus

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i did snowden leave the transit zone over moscow at border after russia grants him again as asylum a decision that caused fewer ean washington and prompted french france including the possible cancellation of a top level by electrodes that. snowden's latest published leaks to reveal the us security for the millions into the biggest british spy agency highlighting london's dependence on washington. on sexual assaults by prison guards that claim to be a part of the south retained by the last british resident at the dawn tunnel bay detention center she carries out a special investigation for you.