Gazprom sees USD 500 levels for Russian gas to Europe - 04 Jul, 2008
Itar-Tass reported that Russia's natural gas monopoly Gazprom forecasts that the Russian gas price will reach USD 500 in Europe by the end of the year.
Mr Alexei Miller CEO of Gazprom said “We forecast for the end of the year that the Russian gas will be sold to Europe at over 500 dollars.”
He added that “Moreover, if the oil price exceeds in the future 250 dollars a barrel then the gas price will grow to 1,000 dollars per one cubic meter.”
