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Russia, EU prepare 'gas road map' to 2050 - Gazprom

Gas Facility with PipesMOSCOW, February 21 (RIA Novosti) - Russia and the European Union are preparing a gas road map to 2050, Gazprom CEO Alexei Miller said on Monday.

"We are discussing issues covering the time the next decade, including a gas road map. We work on the basis of long-term contracts and we are to make forecasts with a high degree of probability to 2050," Miller said, adding that the map would be discussed during a Russia-EU summit this week.

- - The terms of the third EU energy package, under which production and transportation of gas are to be split and access to infrastructure given to third party companies, would also be discussed at the summit, he said.

Gazprom, which supplies Europe with a quarter of its gas and also extracts and transports it, strongly opposes the package, saying it will deprive the gas transportation system of investment.

The third energy package will come in force in EU states on March 3.

"An optimal decision on a mutually acceptable implementation of the third package is to be made during the talks," he said.

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