Gazprom sees price hike for gas exports to Europe
The price of Russian gas for European customers could rise as high as 400 dollars (257 euros) per 1,000 cubic metres by the end of 2008, the head of state-run Gazprom was quoted as saying on Friday.
Russian news agencies quoted Gazprom chief executive Alexei Miller as saying the falling dollar and rising demand for gas in Europe was likely to push up the price from an earlier estimate for 2008 of 310 dollars.
“We think the average price could reach 378 dollars in 2008, or even 400 dollars,” he said, during a meeting with President Vladimir Putin.
Meanwhile Gazprom’s deputy chief executive Alexander Annanenkov was quoted as saying in Saint Petersburg that the gas monopoly planned to extract 561 billion cubic metres of gas in 2008, up from 548 billion cubic metres in 2007.
