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Tuesday, March 31, 2009

Gazprom sees 2009 gas exports falling to 140 bcm

March 31, 2009 – Reuters by Denis Pinchuk - ST PETERSBURG - Russia's gas export monopoly Gazprom (GAZP.MM) said on Tuesday it expected its gas exports to fall to 140 billion cubic metres (bcm) in 2009, down from 179 bcm last year. Gazprom's deputy chairman Alexander Medvedev also said that the average export price will be around $260 per 1,000 cubic metres (tcm), dowm from Gazprom's previous forecast of $280 per tcm. "We forecast (exports) at 140 bcm, while th average price forecast is around $260 per 1,000 cubic metres," Medvedev told reporters.

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