USD 80.5268

-0.16

EUR 93.3684

-1.09

Brent 66.42

-0.27

Natural gas 2.801

-0.01

152

Gazprom To Upgrade Its European Markets Relations Structure

Russian gas monopoly Gazprom is to invest $60 - $70 billion

Gazprom To Upgrade Its European Markets Relations Structure

Russian gas monopoly Gazprom is to invest $60 - $70 billion over the next 15 to 20 years to develop gas fields and build pipelines to its markets in Europe, Gazprom deputy chief executive Yury Komarov said to French paper Le Figaro.

He said that the part of these investments will be paid for through borrowings, adding that a greater share of Gazprom's revenue will start coming from the domestic market, where deregulation will increase the price of gas for industrial clients to $55 to $60 per 1000 cubic meters by 2010. Now the gas price is less than $30 now.

Russia accounts for 60 percent of Gazprom's gas sales in volume terms and only a quarter in money terms, he said.

Подпишитесь

Follow us on Google News
Advertising at neftegaz.ru

Subscribe to our newsletter

of the best materials Neftegaz.RU

* Incorrect E-Mail Address

By clicking the "Subscribe" button I accept the "Agreement on the processing of personal data"


Advertising at neftegaz.ru