Gazprom increases average gas export price

Average export price for Gazprom gas may stand at USD 230-250 for 1,000 cubic meters in 2019, said Director General of Gazprom Export, Elena Burmistrova.

– I want to remind you the price for 1,000 cubic meters in 2016 was USD 167, in 2017 it was USD 197, and in 2018 it was already USD 245.5. We now see a slight decrease in prices, but if we look at the latest market data, I forecast prices this year at USD 230-250 – she added, Tass reports.

She earlier said that average export price for Gazprom's gas increased by 24.6% to USD 245.5 for 1,000 m3 in 2018.

Board member Oleg Aksyutin said that Gazprom had increased its share on the European market from 34.7% in 2017 to 36.7% in 2018.

Gazprom Moscow

Gazprom Export Moskva

price of gas

price of Gazprom gas

Elena Burmistrova

Oleg Aksyutin

gas price increase