MOSCOW (Reuters) - Even a partial refusal by Europe of Russian pipeline gas in favour of liquefied natural gas (LNG) risks triggering another wave of gas crises in Asia, Russia's Deputy Prime Minister told an industry magazine on Wednesday.
In comments on recent spikes in energy prices globally, Alexander Novak also said that Europe should think of returning to long-term gas contracts to limit risks of deficit while adding that the launch the Nord Stream 2 gas pipeline should help stabilise the gas market.
(Reporting by Oksana Kobzeva and Katya Golubkova; Editing by Toby Chopra)
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Alexander Valentinovich Novak is the Deputy Prime Minister of Russia. Presently, he is Chairman at Transneft PJSC and Chairman of ROSSETI PJSC. Mr. Novak is also on the board of 5 other companies. In his past career he occupied the position of Deputy Governor at Province of Krasnoyarsk and Deputy Director-Personnel & Head-Polar Division at Norilsk Mining & Metallurgical Combine Named After Zavenyagin. He received an undergraduate degree from Norilsk State Industrial Institute and an undergraduate degree from Moscow State University Lomonosov.
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