10:52 28.02.2017

Gazprom expects gas export price to rise to $180-190/1,000 cubic m in 2017

1 min read
Gazprom expects gas export price to rise to $180-190/1,000 cubic m in 2017

The price range of Gazprom's export gas contracts will be $180 to $190 per 1,000 cubic meters in 2017, the Russian gas giant's deputy CEO Alexander Medvedev said during a presentation for investors.

The average export price in 2016 was $167 per 1,000 cubic meters, he recalled.

Gazprom exported a record 179.3 billion cubic meters of gas to countries outside the CIS in 2016. This is equivalent to the combined gas consumption of Japan, Singapore, South Korea and Vietnam, a presentation for a meeting with Asia-Pacific investors in Singapore states.

The company had a 34% share of the European gas market in 2016 and intends to keep its share at up to 35% in the period to 2025, the presentation said.

"Unlike in sports, we set our records without the use of doping, without any subsidies, which are ultimately paid for by consumers," Medvedev said.

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