Russian Gazprom sees 2013 gas exports to Europe rising 9% on year - report

Moscow (Platts)--8Feb2013/522 am EST/1022 GMT


Russia's Gazprom expects to produce 495.7 billion cubic meters of gas in 2013, and increase this to 518 Bcm/year over 2014-2015, Russian news agency Prime reported Friday, citing data from the company.

According to a report late last year by Russian daily Vedomosti, which cited a source familiar with the matter, Gazprom's 2012 gas production is expected to come in at 504.1 Bcm, down 1.8% from 2011's 513.2 Bcm.

The company has not reported its annual results for 2012.

Meanwhile, Gazprom's gas exports to Europe are expected to rise to 151.8 Bcm in 2013, up 9.4% from 138.8 Bcm in 2012, Prime reported, citing the data which was presented at the company's Investor Day in Moscow.

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Gazprom's customers in Europe paid an average of $402/1,000 cubic meters for gas supplies in 2012, according to the report.

The company's gas deliveries to the CIS countries and Baltic states are projected at 74.5 Bcm in 2013, up 15.7% from 64.4 Bcm in 2012. Gazprom's average gas sales price for its CIS and Baltic customers was $308/1,000 cu m in 2012, according to the report.

The CIS comprises 11 former Soviet republics: Russia, Ukraine, Belarus, Uzbekistan, Armenia, Azerbaijan, Turkmenistan,Kazakhstan, Kyrgyzstan, Moldova and Tajikistan.

--Dina Khrennikova, dina_khrennikova@platts.com
--Edited by Deepa Vijiyasingam, deepa_vijiyasingam@platts.com