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Gazprom Smells Opportunity as U.K.'s Biggest Gas Store Shuts

  • Export pipeline monopoly in talks with U.K. buyers: Deputy CEO
  • U.K. to become more reliant on imported fuel in future
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Photographer: Andrey Rudakov/Bloomberg
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Gazprom PJSC is in talks to ramp up natural gas sales in the U.K. as coal plants are shuttered and the nation’s biggest storage site is closed for good.

“We see an appetite from major players in the U.K. for additional volume of contracted gas,” Deputy Chief Executive Officer Alexander Medvedev said in an interview in Prague on Thursday, declining to provide further details on negotiations. “Our supplies to the U.K. increased substantially in the course of the last two years.”