Support The Moscow Times!

Gazprom Has Electric Plans

Gazprom plans to enter Europe's electricity market, which has called for the development of new generating capacity after several EU countries have decided against nuclear power, Gazprom deputy chief executive Alexander Medvedev said Monday.

"By year's end, we will form a roster of possible projects, bearing in mind the closure of nuclear power plants in Germany and Switzerland," Medvedev said.

"We want to operate not only as a supplier but also an operator in the electricity sector," Medvedev said, adding that Gazprom is not interested in tolling. He said these options have already been discussed with Wintershall. In addition, a meeting is planned with the head of RWE, Jurgen Grossman.

(Interfax)

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.