PJSC Gazprom Adr. (OGZPY)

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Gazprom Raises 2015 Natural Gas Export Forecast


Date : 06/09/2015 @ 5:33AM
Source : Dow Jones News
Stock : Gazprom Oao (PC) (OGZPY)
Quote : 5.05 0.07 (1.41%) @ 4:15PM

Gazprom Oao (PC) (USOTC:OGZPY)

Today : Tuesday 9 June 2015

MOSCOW-Russia's gas monopoly Gazprom increased slightly its 2015 gas export forecast to up to 155 billion cubic meters, Gazprom's chairman Alexander Medvedev said Tuesday.

Previously, Gazprom expected to export up to 153 billion of cubic meters of natural gas outside the Commonwealth of Independent States this year.

Speaking at a press conference, Mr. Medvedev said he expects export gas prices to average $240 to $245 per 1,000 cubic meters.

Mr. Medvedev confirmed plans to halt exports through Ukraine after 2019, saying that Turkish gas pipeline is set to be the only channel for gas exports to Europe. Europe will be able to buy as much gas from Russia as it wants, he said. Less