Russia's Gazprom Forecasts 2016 Gas Exports to Europe at Over 165 Bcm

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Average export price forecast of Russia’s Gazprom company remained at $167-$171 per 1,000 cubic meters this year, according to the top manager at the firm's subsidiary Gazprom Export.

MOSCOW (Sputnik) – Russia’s Gazprom company forecasts over 165 billion cubic meters of natural gas exports to Europe this year, the top manager at the firm's subsidiary Gazprom Export said Wednesday.

"Revenue projections have not changed. In terms of volume, we also have every reason to expect as before that the volume will be slightly higher than the previously announced 165 billion [cubic meters]," export department deputy head Mikhail Malgin said.

Russia’s energy giant Gazprom - Sputnik International
Gazprom: Gas Export to Europe May Exceed 165 Bln Cubic Meters in 2016
His average export price forecast remained at $167-$171 per 1,000 cubic meters this year.

Gazprom CEO Alexei Miller said in mid-August the firm’s gas supplies to Europe grew by 10.4 percent as compared to the same eight-month period in 2015.

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