Gazprom still sees gas exports to Europe at 166Ц167 bcm in 2020 - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Gazprom still sees gas exports to Europe at 166Ц167 bcm in 2020

MOSCOW, Jul 14 (PRIME) -- Russian gas giant Gazprom maintains its forecast for gas exports to Europe in 2020 at 166Ц167 billion cubic meters with an average price of U.S. $133 per 1,000 cubic meters, Andrei Zotov, a department director at Gazprom Export, said Tuesday during a conference call.

УTaking into account the information that we have on the basis of the results of two quarters and on the assessment of the possibilities of our deliveries under contracts and additional sales in the third and fourth quarters, we are now concluding that it is not necessary to revise the figures that were announced based on the results of the first quarter, given the great potential of the fourth quarter, which we expect both in terms of prices that are formed and in terms of expected selections for our contracts,Ф Zotov said.

Alexander Ivannikov, head of the financial department at Gazprom, said the company believes that the low point of the decline of spot prices of gas in Europe has been passed, and the recovery of the gas market will start in the fourth quarter of 2020.

УSpeaking about spot prices at European hubs, there are grounds to believe that we have already passed the low point. A more stable market balancing can be expected starting from the fourth quarter, due to the seasonal factor and high filling of gas storage volumes,Ф Ivannikov said.

End

14.07.2020 18:17
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 93.0237 +1.5447 30 sep
USD 79.6845 +1.0132 30 sep
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1187.18 -0.72 17:04 24 sep
micex 2910.99 -0.19 17:04 24 sep
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 177.00 -1.12 23:49 24 sep
lkoh 4456.00 -1.61 23:49 24 sep
rosn 370.75 -1.08 23:49 24 sep
sber 228.50 -0.60 23:49 24 sep
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 89.7700 +0.5500 14:59 24 sep
USDTD 76.8125 +0.6125 17:44 24 sep