Gazprom's Aksyutin: There is no alternative to Russian pipeline gas for Europe

Oleg Aksyutin, Deputy Chief Executive Officer of Gazprom, said on Thursday that Europe had no other alternative other than Russian gas, as reported by Reuters.

Aksyutin added that no additional LNG supplies could be expected in global markets in the short term and argued that nearly-full EU gas inventories couldn't guarantee a safe winter for Europe.

Market reaction

These comments don't seem to be having a significant impact on risk mood during the European trading hours. As of writing, the Euro Stoxx 600 Index was up 0.15% on a daily basis.