next winter goes off shore how the future will be arctic you have a chance how are players changing tactics in the great scheme to fuel the world. to discuss the changes in a gas field and how it affects russia i'm joined by luke seven minutes if the director general of gus drums exports are gasper export it's great to have you with us today on the show mr millions of nice to hear you write so before we get into the serious business i got to ask you this in a tourist tablet computer i pad for a gas probe c.e.o. that may cost two point seven million dollars what's that all about with. the sophisticated to information technology program. is there more than there was this is quite normal soon for all the members of. the so for me i pad is a norm or against problem. no i don't know where you did this figure i hear it for the first time about forty four million dollars i've. already if it's the high

price of my it but there's a much less expensive. to the business talk now eager stitching chief executive of state oil company or sniffs and one of president putin's closest advisors says the gas road was too late to realize the robbery threat posed by u.s. 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 or the market and the. markets connected to the girls on the oil and. it's very strange to hear as a mist. of the shale gas. all was involved in. come up they. did see it was a matter could derail it is. believe that maybe it's

a nice war at the aleutian but which this tendency is influenza situation there is american gas market and also in better than influence in. european markets about the. sleeping. than what the we believe if this had to be done to stay competitive so you feel like russia isn't missing house on anything as far as shale gas. a lot of first of all don't exaggerate zenith and so the show gets. on t.v. obviously we should change a brooch those i made a kind of not a kid because it does get magnified i washed up one project that was. most american market not. united states i've got to.

be self-sufficient by even considered in the exported. alan g. or a but we were well prepared it to stay competitive and dizzy when so was a cut in theaters just got a few of them in. how we. restored and what can be competitive is. 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 pay is that it was a book munich and now we see you already a slowdown not only in production about the also in the speed of the really and and the many a company is forced to sell the assets and shell gas production actually it was a current level of price in the us its not possible to have

a profitable bit of action in majority of shelagh. fields and i would like to come from quart there is 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 are 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 there are problems and number one is the. cost of production of gas and europe is a car but everybody or higher. 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 there we have

a bill in the united states about the europe we can't find such a big areas none populated. each was a water and that we should not also close our eyes is that there is a environmental risks in the world and the look at the quite a number of the. distorted and facts associated there was a production of shale gas and it's not surprised 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 is very important to put that there is. what a lot of what is' and. is a. number one priority and as i told environment plus the cost. because by the action of the additional guess in europe. and i mean first of all

we're. incompatibly more competitive. but of the actual 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 russia is. russia's very rich was a shell of its sources probably in the next century of the pan will come when the shale gas production will be considered the russian but got to do with enough. for the current censured it is orders of the usual. it is sources and. new areas or for or for offshore fields and not before

get the arctic and sure as a course the effect of this for this it is orders will be unbeatable and that's why i was assured of that. will we were 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 exporting 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 to. the start of the in both nights in and the war yom is a marginal competitor it was a cut and a new export of z.c.

a plane into exported. 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 contract was a buyer and seller has that i'd still call what i see visa in the certain periods of time a subject that justified by as a development those

a lot of good you should and that's why it's absolutely normal to see price revision negotiations. on both sides you know a product of the increase of the prices when the prices was a lot more and. there was a high. degree of gore shares those of others that. we will be in a position to work to to keep our market share and also the market will continue to do well and to look at exit price we. don't see any problem from a correction of a surprise dependent from which level this correction is that is done. 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 rather sure the. russian gas in the 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 one will be even higher percentage at the reflections. of our long term contracts which are on the level of they call play not on the manual company actually one of them but the other pick up a level is exceeding four trillion cubic meters or so gives 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 that will be one of them of this subject that buyers will claim this additional war looms what if the european and i will write down what we are calculating with this based of the conservative scenario and we see that the europe is experiencing serious. like i wanted problems after. a. truly we don't see a lot of fact that are so but then surely comedy some people even speak about but then a few are up in the sense of industrial production. and energy is one of those a major effect of the compared to the. e.u. for if europe would like to keep the economy grows there's

a should seriously consider that there's an option of good reasons for they should organise and there is a balance not the sort all billions and billions of euros to subsidize. the already your bulls. and we already see the negative result of this subsidies on the budget that isn't the issue of money would be in companies not going to small but all to big all right is it time for a short break now but coming up next gas wars and who wins also who will be the first to plug their pot into the chinese markets stay with us.

continue. if you don't whistleblowers will be to be dated in prison by the powers that be at the same time the american public are not told to be enemy is that's top secret. in his treasure we have a right to know who will fight. do we speak your language or not a day of. school music programs and documentaries in spanish matters to you breaking news a little turn to tip angles couldn't stories. are you here. to ensure that all teach spanish find out more visit i. told you my language as well but i will only react to situations i have read the

reports and let you know what is true and no i will leave them to stay current to comment on your latter point i'm going to say that if mr kerry had a car as i did talking delgado. thank you no more weasel words. when you made a direct question me prepared for a change when you draw a punch be ready for a bad. freedom of speech and down to freedom to question.

welcome back to the show we're discussing gas and what it fills where they had of russia's gas from expert company i think sunny day it's a great to have you back at just a bit more about europe as it is you're accused of unfair competition of doing business like a monopoly by the european commission do you feel the pressure to change your strategy and hero surely you would use a lot of the big names a buy a new to compete is shown in the european guess market and nobody made those gifts is a lot of kids with what is this market share in in european countries by the west

and the new threats that are in the underground storage is in the systems and people and as it is called for example in germany and now a joint venture to be in the us there's a quiet car and i could share it as a local job when the market big city and fifteen percent but visit. what are north of the situations that there's a limited number of blood you sort of you know if you surely. could create competition could be different stance in the market than the normal book and pete you should have product. in your hands and when. we do european commission is the right to leave me. with a possibility to deliver our product our customers and i believe it will not increase can be dish it could deteriorate compete titian. as far as is concerned

gus brown 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 feel supplies still he was a lost. suppliers gasper was always in compliance with its obligation we experienced there is a crisis with a crane but. it was absolutely a responsibility joe for crane would have done every sin can order to avoid. any problems with the result was supplied by the crane. prevented. the supply of august to the customers and. then the a mass media that surely presented severe szell is a salute to the wrong way it wordings affects which represented births so i

believe that sort of flexion of. of very short eyes. that is suspect of that all of them or that you know them or their world but are there more it's all de lima what is best what is the best the words are best for the world the show is strong. and unfortunately or some believe that your shows. still believes that we could rush is better than the strong pressure. but it's wrong because a stronger russia would be economically is a better would be for the world. so will we see more gas worse with ukraine i mean after world this is so crucial importance for your image and reputation abroad you see you that you should easily cheer cover the petition was obama. the lead off they go out of gas or small customers in european companies and percent sure that they will not hear any complain about us for it was

a people who were involved in the bill so actually. it tempts to degenerate the image show guts and that was a blend campaign their own was creating in the when's your company also wants to claim fifteen percent of the world alan g. market in the future what particular markets do you have in mind at this point well in the production and export this part of the. elegy is a flexible pipeline which allowed to optimize export but for together with the pipeline guess the cut into the it will produce. so highly into project and the work of launched. well you must talk ellen g. project was a potential couple is it your fifteen million dollars and the final investment decision is what are you taken and just recently we

launched a project that is unable to govern in the european. when your son peter boarded where the gas will come from our. guest those are unified just north of us but patient systems so and also were considered but they're still expensive more suffering to for another five million pounds so all over all capacity of our own production but a loss. for the so part of the projects. that a good feeder we should mention fifteen percent of the what was a world market but we are as a sure that we will exist where it was acute this project think 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 of tender 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. weird story to say because in the in the exploration or even pretty explosions stage but. as a warrior more reserves is huge obviously new technologies will be required to work in this arctic not to blame each very sensitive for environment of this part of the world but in view of as a huge interest in the arctic development of mainak on that is that dick knowledge is already developed or will be developed and. i would rather assured of that

russian. scientists and technologists will but he. is a cheer him and in orders of the will be properly utilized in order to develop so got into the were prepared and a special program for it to development and we see that also in many account that is out of area is or 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 . where 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. of our development all 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 from know we can see the chinese market as well as the market in other contests of of asian price if you can easily more than a mic and was. attractive. there's a reason why it's took for a long time to negotiate and we still don't care what is art is easy very simple because in china gas prices is still. subsidized because it would be a market economy situation is that it will be easier to negotiate 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 situation in china 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 pardoning strategy. i believe that. information systems. save guarded by the more than technologists and. duffel. that. could be each. come at a show files. at least in the. business negotiation.

with my colleagues and there was. well now i know why gas prospects so much money and i pads it was so exciting we did see if the director general of russia's gasper i'm exports thanks for being with us today that's it for today folks you watch sophie and co with me sophie shevardnadze i'll see you next time. the judges assess on some. killed in the streets.

that women kidnapped and converted to islam but. will there be another layer of moses for the coakley christians of egypt to the cross to. the future victims. the way of the cross. the main competitor girl on the market is mother nature. may customers struggle with to. fight for each girl from an old dirty supply. let people think are your prices pure or want to. cheat. they use it up there in a war. and flush their toilets when the same. thing this series is selling and spraying water.

easy easy easy easy easy easy easy easy easy easy easy easy easy easy easy easy easy to feel. limited. such. it's such a. place .

i i play . to see a story and it seems so you think you understand it and then something else you hear or see some other part of it and realize that everything is. hard welcome to the big picture.

good leverage or. was able to build the most sophisticated. fortunately. found anything tim's mission to teach me. and. this is why you should care only. that. i cut. the speech. of her. i wish i.

could. cut. out. a little.

live pictures from cairo where police fired tear gas to disperse pro morsy rallies supporters of the former president promising dozens of protests to spite threats of a clampdown from security forces. russia's granting a temporary asylum to edward snowden infuriates washington the u.s. government threatening to cancel a joint summit says american lawmakers vitriol. while the whistleblower is gauging potential job offers further revelations go public exposing britain's financial dependence on the u.s. when it comes to spying. in the last british resident in guantanamo bay he says he's being sexually assaulted by guards as new figures show the facility has cost u.s. taxpayers almost five billion dollars sin.