Russian energy giant Gazprom expects the export price for its gas to total between $130 and $140 for 1,000 cubic meters (35.314 cubic feet) in 2020, Sergey Komlev, the head of Gazprom Export's Contract Structuring and Price Formation Directorate, said on Monday
MOSCOW (Pakistan Point News / Sputnik - 22nd June, 2020) Russian energy giant Gazprom expects the export price for its gas to total between $130 and $140 for 1,000 cubic meters (35.314 cubic feet) in 2020, Sergey Komlev, the head of Gazprom Export's Contract Structuring and Price Formation Directorate, said on Monday.
"We forecast around $130-140 for 1,000 cubic meters for this year in general," Komlev said during a phone conversation with investors.
Gazprom is engaged in negotiations with a range of partners regarding the review of contractual prices for gas deliveries, but no long-term reconsideration is planned, the official added.
"We are currently engaged in negotiations with several partners regarding the price reconsideration, but it should be noted that long-term contracts reflect long-term prices ... So, the current situation cannot serve as a ground for a significant reconsideration of the current prices," Komlev told investors.
