16:28 GMT +320 June 2018
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    Gazprom expects $64 bln gas sales outside CIS in 2008

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    Gazprom plans to export over 163 billion cubic meters of natural gas worth an estimated $64 billion to non-CIS countries this year, the Russian gas monopoly said on Wednesday.

    MOSCOW, June 18 (RIA Novosti) - Gazprom plans to export over 163 billion cubic meters of natural gas worth an estimated $64 billion to non-CIS countries this year, the Russian gas monopoly said on Wednesday.

    The average export price is expected to stand at $401 per 1,000 cu m.

    The company delivered 150.5 billion cu m of gas to central and western Europe in 2007, a 0.4% decline on the previous year due to the warm winter. However, sales revenue increased 5% to a record $39.5 billion last year, with the average export price at $272.8 per 1,000 cu m.

    In 2007, natural gas accounted for 13% of income from Russian exports.

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