Gazprom Cuts Gas Export Prices for 2013, but Targets Increased Volumes
Posted on December 20, 2012 at 03:32 AM EST
JOHANNESBURG--December 20, 2012--Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--In response to market forces and customer pressure, sources say that Gazprom OAO (OTC:OGZPY) (Moscow, Russia) will cut its long-term contract prices for Ukraine in 2013 down to levels that are comparable with general spot market prices. This means that it will sell gas at $370 per 1,000 cubic meters, compared with the $400 it has charged this year. But the strategy is that by reducing prices, the company targets exports of 152 billion cubic meters in 2013, compared with the 140 billion cubic meters in 2012.