Novak: Russia has no desire to be gas monopoly in Europe

 Novak: Russia has no desire to be gas monopoly in Europe

Russia has no desire to be a monopoly when it comes to supplying gas to European consumers, Russian Energy Minister Alexander Novak said.

"We are not a monopolist on the Russian market and we do not want to be a monopoly on the European market." the minister stressed.

"There are talks of bans being introduced on Russian gas supplies but the reality is different … In reality, we see that European consumers are interested in purchasing Russian gas," Novak told CNBC in a panel discussing the global gas market in Moscow.

"The consumer should have a right to choose, to choose the country that supplies the gas and the routes of supplies and they have to be competitive," Novak said, before adding Europe is clearly keen to buy even more gas from Russia despite heightened pressure from the U.S. administration.

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