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10

Gazprom Increases Export Prices

Russia's natural gas monopoly Gazprom plans to increase its average export price for Western European consumers

Russia?s natural gas monopoly Gazprom plans to increase its average export price for Western European consumers by two to four percent next year.

Vladimir Merkulov, a department head at Gazprom's export arm Gazexport, told Interfax that this year?s average price would be around $185-190 per 1,000 cubic meters.

?Judging from the oil product price estimates we have, a certain decline in gas prices may be expected in the second half of the year. However, during the year as a whole we should evidently expect a slight rise in prices compared to 2005,? he was quoted as saying.