Russian gas monopoly Gazprom has proposed to set up a new network of natural gas service stations across Europe as an alternative to petrol, at a time when oil prices are at a record high.
Gazprom's CEO, Alexei Miller, has proposed the creation of the network in alliance with European partners. Industry analysts have said that even though such a network would serve Gazprom well, it could not find it easy in Europe, where gas-fueled vehicles are few and related infrastructure is insufficient.
Gazprom's plans for a trans-European natural gas outlet network could run into rough weather due to the existing sentiment in Europe against becoming over-dependent on Russia for energy supplies. Russian gas is mainly used across the continent for power generation and heating purposes.
Mr Miller said: "Considering the price of petrol, gas is a real alternative. The price of a car running on petrol is 1.7 times more than the price of running on natural gas in Germany for example."
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