"The 2017 range will be between $180 and $190 per 1,000 cubic meters," Alexander Medvedev said at the Investor Day event in Singapore.
Medvedev highlighted that Europe is still the main destination for Gazprom’s natural gas exports.
"Europe was and still is Gazprom’s priority market," Medvedev said at the Investor Day event in Singapore.
Gazprom’s share in the European gas market rose from 31 percent to 34 percent in 2015, he said. "Our share will not change in the next few years," Medvedev predicted.
Talking at the event, Andrey Kruglov, the deputy chair of the firm’s management committee, said that Gazprom will pay up to 50 percent of its earnings in dividends if the government mandates this.
"As for the plans to raise dividend payments to up to 50 percent, we will comply with them if this decision is made," Kruglov said in Singapore. "The existing policy on dividends is balanced and optimal."
Russian Prime Minister Dmitry Medvedev reportedly urged several state-owned companies last year to increase the amount of dividends they pay to the government and their shareholders to at least 50 percent.
