Closing deals: Gazprom deputy head Alexander Medvedev says new SPP agreement secures Russian gas to Europe
Gazprom and SPP seal 20 year deal
Gazprom has signed a long-term agreement with Slovakia’s Slovensky Plynarensky Priemysel (SPP) to supply it with 130 billion cubic metres of gas over the next 20 years.
The agreement was reached after more than two years of discussions.
“The conclusion of a new transit agreement for the next twenty years will further increase EU’s energy security and guarantee stable supply of Russian gas to Europe,” said Gazprom deputy head Alexander Medvedev.
The gas will be transmitted by Eustream, a subsidiary of SPP.
Eustream and Gazprom also signed a separate gas transmission agreement that will see around 1 trillion cubic metres of gas transported up to 2028.