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 the seven bishop project joining me now is deputy chairman of the gas probably management committee and director general of gas prompt 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 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 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 point five billion dollars on the other hand more european countries are planning to join the russian gas exporters south stream project. home is to be very of welcome to the show thank you very much thank yo

gazprom is deputy chief executive alexander medvedev about how russia's largest company plans to move into the future stay with us. culture is the same i understand my family and there's no you mustn't let it be you know it by using the market research for stability and legitimacy will haitians find either after sunday's elections many question the usefulness of these polls. 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 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 the some project joining me now is deputy chairman of the gas plant management committee and director general of gas from export alexander admits that . russian prime minister vladimir putin has been c

are you negotiate ing with any new partners in this project see any as gazprom or. to reduce its share for the sake of new partners but no look that's what. i would say we have activated our work since we have always been absolutely working on the project but the fact that as you say people talk a lot about sauce three now because among other reasons. there is nothing to say bulk nordstrom shipping into the pipeline construction is under way. and you may remember that some time ago there used to be a lot of criticism and doubts about it budging it was i know for some reason but i actually enjoy lists. with journalists completely forgot about it when everything is fine they needed to forget about it so what's wrong with south korea since all of them out there. in a book in south through rivalry we have many times he repeated that there is no reason for such a rivalry with the. south stream is a to have it delivering our gas to our rick consumers national can other words. transit they versification into and the two for delivery it's diversification. doers in a pipelin

gazprom negotiating abolishment told the paper principal with other clients about me they are p. e. even you need to know when all means so you're satisfied with it right we do our best to demonstrate to our clients that it's good for them as well because if you don't consider just the current situation if you look at shared for a year or two you will see that as a long term condition it's good for everybody because our clients know that they will always have gas they will have a secure source of energy. to the head of gas aleksei miller said that the domestic russian market is becoming the development priority for the company here i have several questions. first of all why is it a priority gas is much cheaper at the domestic market and what looks like gas problem doesn't want to earn more money and secondly it with what is it the reason for europe. if it's a car pig and then they have nothing to worry about now is for the domestic market its volume is twice as much you're so rock supports and considering their decision to shift to equally profitable domestic crisis by twenty fourte

i'd also be looking at how russian gas john gazprom is making sure it stays top dog when it comes to keeping europe warm that's in business news in about ten minutes from the. library and mother did not write with her because. she was afraid. and she was very cool. she felt. i was frankenstein's monster. we don't have the problem. every body. is i'm a. i'm the palestinian or the european saudi to negotiate an end to the violent attacks against israel which i have no fear of war call the cowards so long as you have no you're calling the leader of the state of israel one of the main terrorists in the world. we are supposed to be 0. asli examining history but you mention a few words about jewish culture labyrinth and people get so upset this is i'm sorry to say it's a form of emotional blackmail. wealthy british style. is not on the. market why not. find out what's really happening to the global economy with mike's culture the no holds barred look at the global financial headlines tune in to gaza report on our. britain says it's ready to help debt hit hard and with billions of pounds of

and we look russian gas giant gazprom is making sure it stays top dog when it comes to keeping europe warm in our business update in about ten minutes from now here on r.t. . britain says it's ready to help debt hit arland with billions of pounds of direct loans at a meeting of european finance ministers chancellor george osborne says it's in britain's interest to support their closest neighbor the meeting comes amid fresh market turmoil and fears that some smaller economies like portugal and ireland are able to service their massive debts the president warned the euro zone is actually facing a fight to survive and has so far rejected any help. to europe's crisis with frederick eriksson he's a director at the european center for international political economy joining us there in brussels thanks very much indeed for being with us here on r.t. now being pushed to accept a greek style bailout from the e.u. or indeed to get help from the i.m.f. but but dublin says it doesn't want any help now we're reporting that britain has offered support do you think that i could accept support from b

and we look at how russian gas giant gazprom is making sure it stays top dog when it comes to keeping warm that's coming up in business in just under ten minutes. but first britain says it's ready to help get hit arland with billions of pounds of direct loans at a meeting of european finance ministers chancellor george osborne said it's in britain's interest to support their closest neighbor the meeting comes amid fresh market turmoil and here are some smaller economies like portugal and ireland unable to service their massive debts the e.u. president warned the eurozone is actually facing a flight survival even though our event has so far rejected any help that mailer lays into london based vaster dublin may have little alternative but to take the money. i don't really in a position of much choice because clearly it's a sort of rock and a hard place norio and the short term expediency of bail out so it's better than the. bondholders or the immediate reactions of the situation but just you know you what you want to keep an eye on the fact that one country after another. in terms of ne

last year gazprom sells to europe fell about twelve percent due to the financial downturn demand is now recovering but at the same time the russian gas monopoly is facing ever stiffer competition the european union favors diversity in the gas market and wants to liberalize the transportation networks should dislike the idea but some experts believe there is little to fear by the price market's means to. come into the market to continue but his call to the market i think in this is in favor of gas probably because they have to take off the supply of fuel and now they have also the chance to enter data to the market to go to the customer to deliver the case to the customer. i think is a good development for you're up this early going to say she has also called for the trust in the customers to because gazprom is facing increased competition in europe particularly from alternative sources of gas production energy may just such a show which traditionally focus on oil production and now paying more attention to developing their gas businesses i can reject the fact that the share of gas reven

just to give you some details that were mentioned today at the conference by twenty seventeen gazprom plans to launch its first gas supplies to south korea as its full cause that within sixty. seven years the gas demand in the country will increase by as much as fifty percent but the main focus is it china november this year gazprom plans to continue negotiations over a gas supplies into the country and according to alexander mead to veto for gazprom has already restarted work over three full and five projects and this follows the company the company's strategy to diversify its presence in the asian pacific region. thank you very much medina that was r.t. correspondent medina question of a gas from tight quarters in moscow. let's take a quick look at how the equity markets are performing european stocks have opened lower on tuesday following heavy falls in china and losses on wall street ireland is still in the spotlight as it comes under pressure to accept a bailout from europe. and the russian markets on the slide here in moscow with both indices are shedding more than one percent o

are on certain economic outlook in europe is creating uncertainty in russia's biggest company but gazprom has been working to diversify its customer base a correspondent medina question about explains how the strategy is progressing from the gas of russia conference taking place across from ted quarters in moscow. a lot was a mansion today about how the gas industry will recover from the financial downturn and gazprom announced that it will return to pre-crisis level up by two thousand and eight by only twenty twelfth and this was one of the main hard lines of the gas form that is taking place at the moment add gas problems moscow had water according to the deputy chairman of the board alexander to mediate if the gas demand in europe has fallen quite significantly due to the crisis and it has just started to pick up but it hasn't reached the pre-crisis level but a to tell you more and in terms of that the a longer perspective of the gas consumption in europe are willing quis out quite significantly and to give you more details that will mention today at the conference the european gas of

african gas producers gazprom is not unaware of the problems of places in europe analysts believe it needs to be most flexible in its pricing and long term contracts something the company is reluctant to do for the moment instead is focusing on diversifying its customer base in the fast growing markets of asia and india the value of a business r.t. moscow. the euro has come off a seven week low against the dollar but it remains vulnerable as europe's finance ministers grapple with how ireland will pay for its bailout program i and is discussing the measures with its european counterparts but resisting pressure to accept the eight pull machall from h.s.b.c. explains why island small economy could trigger a domino effect destabilizing the region's shaky recovery. it may not be a big economy because and still have quite a big impact for the european economy as a whole and really what it comes down to is that conditions in our own got a lot worse from a financial market perspective and what it could mean for the real economies elsewhere in europe is that we could actually happen to conti

of the gas market i'm proposing easy access for independent producers to the pipeline network for gazprom being the world's largest producer is no longer enough to guarantee its dominance of the market but said he has this report. last year i guess from sales to europe fell about twelve percent due to the financial downturn demand is now recovering but at the same time the russian gas monopoly is facing a stiff a competition the russian union favors diversity in the gas market and wants to liberalize the transportation networks russia dislikes the idea but some experts believe it has little to feel pretty priced markets means to. come into the market to continue but he spoke to the market i think in this is in favor of gas probably because they are the backbone of the supply for europe and now they have also the chance to add to better to the market to go to the customer to buy the case to the customer. i think is a good development for your hope there's somebody say sure it's also good for the trust in the customers to be guess another threat to russian gas comes from global companies ta

and in my sex are in the red in the trade tracking those fools in global markets gazprom is amongst the worst performers on the my six down point eight percent and ross net is also suffering shedding half a percent this hour. one of russia's largest telecom providers come star says its third quarter earnings have more than doubled from a year ago to reach fifty eight million dollars the result is better than this we're expecting on the company says it's on track to hit its full year targets. i'm not so the business news for now but i'll be back with more few necks out and of course you can always follow stories if you log on to our website that's all t dot com slash business. culture is the same of you are going to go for you no longer any one of them was all worth a difference of the nato this military alliance is in search of a mission can nato remain relevant facing twenty first. wealthy british style. is not on the type of. card. market why not come to. find out what's really happening to the global economy with mike's cars or for a no holds barred look at the global financial headl

for europe this summer going to say she has also called for the trust in the customers to because gazprom is facing increased competition in europe particularly from alternative sources of gas production energy made just such a show which traditionally focused on oil production and now paying more attention to developing their gas businesses i can reject the fact that the share of gas revenues and the total structure total revenue structure of. oil and gas majors global majors at pink is increasing while oil revenue share is decreasing actually the main competition for gazprom in europe crowd is not from oil and gas majors themselves accounts from qatar elegy producers for african and gas producers gazprom is not unaware of the problems it faces in europe and its believe it needs to be more flexible in its pricing and long term contracts something the company is reluctant to do for the moment instead it's focusing on diversifying its customer base in the fast growing markets of asia india. business on t.v. . and the renault nissan alliance is considering building a second vehicle assembly

african gas producers gazprom is not unaware of the problems of places in europe analysts believe it needs to be moved flexible in its pricing and long term contracts something the company is reluctant to do for the moment instead is focusing on diversifying its customer base in the fast growing markets of asia and india the value of a business moscow. russian industrial production increased an annual six point six percent in october that buy cars trucks and other manufactured goods russia's economy is emerging from last year's seven point nine percent contraction as high commodity prices and consumer demands of boost growth meanwhile the country's consumer prices have risen to seven and a half percent in october and five and a half percent in july. the rendon a sign alliance is considering building a second vehicle assembly factory in russia's far east the company can't keep up with growing demand and will face a production shortfall of two hundred thousand cars by two thousand and fifteen the new plant will not only help to cover this deficit but also hard transport costs currently

liberal lies they share of the gas market being the world's largest producer is no longer enough for gazprom to guarantee market dominance i'll have that and much more in twenty minutes time. live from our studios in central moscow you're watching r t with me and you so now it's two pm here in the russian capital six am in new york where russian businessmen and gun running suspect viktor boot has been put in jail after extradition from thailand moscow insist the thai decision to hand him over to the u.s. authorities was illegal and says it will continue to fight for him if convicted boot could face life behind bars. reports. u.s. justice department refuses to give me personally any comment regarding what will happen next to victor boot but i can tell you that prosecutors are preparing to address the media some point wednesday that would detail how the the trial would proceed if there is to be a trial where he will be held in the time being as i mentioned i did reach out to the justice department to just find out basic questions when the arraignment would be where mr boot would be relocated t

a lot was a mansion today about how the gas industry will recover from the financial downturn and gazprom announced that it will return to pre-crisis level up by two thousand and eight by only twenty twelfth and this was one of the main hot lines of the gas form that is taking place onto the moment had gas problems moscow had orders according to the deputy chairman of the board alexander the media of the gas demand in europe has fallen for quite significantly for due to the crisis and it has just started to pick up but it hasn't reached the pre-crisis level but to tell you more and in terms of that the a longer respect to for the gas consumption in europe will increase out quite significantly and to give you more details that will nansen to date the conference the european gas to consumption will reach three hundred eighty billion cubic meters alpha gas and heli by twenty twenty meanwhile despite the fact that most of the russian gas x. now flows into europe at the main focus and the main drive for the future growth lies in a completely different direction and it's the asian pacific regio

policy both sides find suitable on tuesday prime minister putin sound that hugo she ations between gazprom and china national betrayal and company i'm going according to plans. as you would to my energy between our countries developing quite successfully we have finished construction of the pipelines that are you know that scene starting from the first of january two thousand and eleven with supplies of russian oil will arrive in china the negotiations between b.c. are going on successfully we're also thinking to develop nuclear energy corp but the main focus is to future gas trade gazprom and c m.p.c. signed a framework agreement last year for shipment of natural gas to china the deal could see seventy billion cubic meters of russian natural gas sun to china annually this size have been disclosed the price of which they want to sell and buy their differ by one hundred dollars for one thousand cubic meters of counts both parties things that they can tackle the pricing to speech by the middle of next yeah meanwhile a distant transportation system is needed to successfully sent russian gas t

but the main focus is a china this november gazprom plans to continue negotiations over gas supplies into the country and alexander them invaded also mentioned today that gazprom is a real launching work over sakhalin three four and five projects and this of follows of the overall company's strategy to diversify its presence in the asian up pacific region meanwhile there are two major gas transportation projects that capture the i touch and today and these were nori stream and a south stream while the construction of a noise stream project is almost done and the first gas supplies why the pipeline is will start next year in twenty eleven however the situation over at the south stream project as the still unclear looks under the midday do for only months and today that other players from of the global energy community are welcome to participate and this project. thank you very much we do that with r.t. cause what it meant to the question of a quarter. and take a look at how the equity markets are performing european stocks are sinking further into the red at mid session on tuesday fol

old core competency is in power stations like this and gas production interest group transmission gazprom on the other hand thinks its shares are heavily on devalued at the moment and you can make a lot of money but boy now with the reputed has met charles local in germany on friday we think that a deal between gazprom could be a deal to. tell wall street is down on friday extending the first way we decline of the drop puts the dow off about point seven percent for the week tension between north and south korea going on second to surrounding europe's debt troubles away on the stocks financials and i shares our worst hit sweet house has a mixed wal-mart stores down point three percent amazon dot com slipped point to fight against. job point three cost one point three percent and stocks and you have ended lower on friday with hispanic market suffering particularly steep losses both the footsie and the dax said over half a percent and even trading mining banking shares were dragging the footsie shares of the down tech lead the declines all four and a half percent and each with its in down th

get stronger this autumn gazprom once again stressed that china is the flow. of his future growth and it seems the asian pacific region is where a future anarchy cooperation will grow between other global oil and gas players mind in a good business r.t. . now they had a russia's federal tax service me and talks to our correspondent pool about evidence of the country's recovery and how it's clamping down on tax evasion. before the crisis the total budget is more than seven trillion rubles was the record of the collection for the year of two thousand and eight and you increase this is a collection tax which was went down to twenty percent and we now see that even heaven the price for oil much less than everest for the year of two thousand and eight before the graces our tax collection for the consolidated budget in the end of the year will be seven in this estimation seven percent less than it so i think it's. shows that the economy is recovering after the crisis and specially we like also good four percent. higher tax and profits which is interesting on that fr

we're going to go straight to our top story germany's eon may sell its stake in russia's gas giant gazprom commerce on daily reports the potential buyer is b.b. bank. currently owns three point five percent of gas prom the world's largest utility is selling off assets in order to compensate for falling earnings earlier the company's chief said the stake in gas problem was not strategic with the company aiming to expand in china and brazil finance minister says the supervisory board hasn't discussed the deal yet. and staying with gas moscow and beijing are likely to agree on the price of russian gas supplies to china before the middle of next year the news came after russia and chinese pilot ministers held talks on tuesday in st petersburg where energy relations top the agenda medina reports. the latest round of energy dialogue between russia and china hasn't broad what many analysts were anticipating and pricing policy both sides find suitable but on tuesday prime minister putin sound that you negotiate sions between gazprom and china national betrayal and company i'm going to clans. as yo

considering the liberalization of the gas market being the world's largest producer is no longer enough but gazprom to guarantee market dominance i'll have much more in twenty minutes time. watching r.t. live from moscow i'm josh welcome to the program russian businessman victor borge is now in jail in new york awaiting charges after being extradited from thailand suspected of arms smuggling if convicted in the u.s. he faces life in prison moscow says it will continue to fight for bush citing his extradition as illegal as marina now reports. u.s. justice department refuses to give me personally any comment regarding what will happen next to victor route but i can tell you that prosecutors are preparing to address the media some point wednesday that we detailed how the the trial would proceed if there is to be a trial where he will be held in the time being as i mentioned i did reach out to the justice department to just find out basic questions when the arraignment would be where mr boot would be relocated to whether he would be held under special administrative measures and the justice department

thinks about this in a moment but first germany's it all may sell its stake in russia's gas giant gazprom commerce and then it would put the potential by is beg the on cards he owns three and a half percent of gazprom world's largest utilities selling off assets in order to compensate for falling earnings early in the company's chief said the stake in gasp almost non-strategic with a company aiming to spend in china and brazil finance minister sequences b b supervisory board supervisory board hasn't discussed the deal yet. and staying with gas moscow and beijing on life as you agree on the price of russian gas supplies to china before the middle of next year then you can use comes up to russian and chinese foreign ministers help talks on tuesday in st petersburg where energy relations top the agenda i do caution the house on that. the latest round of energy dialogue between russia and china hasn't brought what many analysts were anticipating a pricing policy both sides find suitable on tuesday prime minister putin sad that negotiations between gazprom and china national betrayal and compa

its production may reach one hundred eighty six billion dollars including texas one in two led by gazprom may bring about one hundred twenty billion dollars to the budget revenues from totals herad the project may total twenty twelve billion dollars russia's project received about one of the hope in dollars from the three projects last year. a look at how the markets are faring that saw european stocks a low as markets took and fresh reports of blasts heard in korea and sovereign debt issues continued weigh on investors mining shares are weaker helping drag the foot sit down point two percent shares on route to intel losing two point eight percent shares of out of the gusto three point two percent. russia's also saw in the red after advancing on thursday to its highest level in more than two weeks most of the blue chips are down and bucking the trend as porto's gold well it's down about a percent on lower gold prices. of the debt crisis is dominating sentiment on the european markets arland now looks set to receive a bailout package after it announced the hardest harshest austerity budget

company supplies one and a half million tons of liquefied natural gas to the country in addition gazprom was considering building a new gas pipeline between the two countries head of the company alex a miller expects the south korean market to grow by police thirteen percent by the time gas deliveries begin. in our korean partners are interested in increasing the gossip. mind you the green market and today we greed with the coal gas company on the factor we move to the next you can go she should commercially go she will start this december and today we've agreed a new amount of gas supply which will starting twenty seventy. and stay with gas problem the bulgarian government has approved the setting up of a joint venture with russian gas giant for the construction of a bug area on route of south stream last week people getting energy holding and gas from announce the start of a tender to select a company which will carry out a preliminary investment study the actual agreement will be signed during prime minister vladimir putin's visit to sofia on saturday now gas prices should be independ

us i think is increasing while oil revenue share is decreasing actually the main competition for gazprom in europe cobbs not from our oil and gas major stem cells accounts from cattaro and she producers for african gas producers gazprom is not unaware of the problems it faces in europe analysts believe it needs to be more flexible in its pricing and long term contracts something the company is reluctant to do for the moment instead it's focusing on diversifying its customer base in the fast growing markets of asia india nick poole business r.t. . now the reno nissan alliance is considering building a second vehicle assembly factory in russia's far east the company can't keep up was going to demand and will face a production shortfall of two hundred thousand cars by two hundred thousand two thousand and fifteen the new plants will not only help to cover the deficit but also have transport costs currently it takes about forty days to bring spare parts by sea from japan to reno nissan plant in the st petersburg region. and general motors may increase the size of its i.p.o. on wednesday by a

assets in order to compensate its falling earnings earlier the company's chief said the stake in gazprom was non-strategic with a company aiming to expand in china and brazil. and staying with gas last go and beijing are unlikely to agree on the price of russian gas supplies to china before the middle of next year the news came out to russian and chinese prime ministers help talks on tuesday in st petersburg where energy relations top the agenda that actually has more. the latest round of energy dialogue between russia and china hasn't brought what many analysts were anticipating a pricing policy both sides find suitable on tuesday prime minister putin sad that negotiations between gazprom and china national betrayal and company are going according to plan. as we were at the energy between our countries developing quite successfully we have finished construction of the pipelines coated you know that scene starting from the first of january two thousand and eleven with supplies of russian oil will arrive in china the negotiations between gastro b.c. are going on successfully we're also th