Gazprom increased by 40% Gas Prices for Europe
Consortium gas company Gazprom would raise gas prices to Europe by 40% (350-500 dollars per thousand cubic meters). Usually, the price of Russian gas to European consortium is four times more expensive than Brent brand, which totaled $120. Generally, Gazprom takes between 6 and 9 months following the trend increase in Brent, so the increase in gas to European consumers could be real, analyst following. In addition, as sudden increase in the price of Gazprom could qualify for the decline of demand in Europe, estimated Korchemkin Mikhail, head of the company’s Eastern European Gas Analysis, was quoted by Russian daily.
Another factor that may affect demand, is the trend growth of liquefied natural gas transactions, a strong alternative to oil is pumped through a pipeline run by Gazprom. In 2008 Miller and promised to increase fuel prices to $500, the level which ultimately failed to be realized due to the outbreak of the financial crisis.
In February this year, representatives from the consortium, was quoted by RIA-Novosti news agency, said there will be increased 15% from current prices.
Filed Under: Accessories | Tags: Gas Prices
January 12th, 2012 | Posted by USPrices.net