Gazprom's Price For Europe Fell 14% Year-on-Year To $211 Per 1,000 Cubic Meters In 2019

Gazprom's Price for Europe Fell 14% Year-on-Year to $211 per 1,000 Cubic Meters in 2019

Gazprom's average gas export price for deliveries to Europe fell by 14 percent year-on-year to $211 per 1,000 cubic meters in 2019, the company said in a presentation.

In 2018, this figure was $246 per 1,000 cubic meters

MOSCOW (Pakistan Point News / Sputnik - 29th April, 2020) Gazprom's average gas export price for deliveries to Europe fell by 14 percent year-on-year to $211 per 1,000 cubic meters in 2019, the company said in a presentation.

In 2018, this figure was $246 per 1,000 cubic meters.

The head of Gazprom's financial department, Alexander Ivannikov, noted during a conference call on the company's IFRS results that this figure turned out to be more stable than spot gas prices in Europe.