Report: Gazprom raises Europe ‘21 export price forecast to $330

MOSCOW, Oct 11 (PRIME) -- Russian gas giant Gazprom has raised the 2021 average export price estimate for Europe to U.S. $295–330 from $269.6 per 1,000 cubic meters, Bloomberg reported on October 8, citing a Wood&Co analyst who met with the executives of the company.

The analyst said the guidance may rise if the spot prices remain at the current level until the end of the year.

The company retained the estimate of the volume of supplies to Europe at 183 billion cubic meters.

The 2022 price is forecasted to exceed $330 significantly.

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