Russia’s Gazprom Daily Gas Exports to EU Reach Maximum Levels in March

March 29, 2013

Prime reports that the daily gas supplies of Russian giant Gazprom to the E.U. showed stable growth in March and reached maximal levels to date, the company said Thursday.

“Today Gazprom will deliver a record volume of gas to non-CIS countries for the end of March – 520 billion cubic meters a day. This is 60% higher for example than the same date last year,” the company said.

In 2012, Gazprom reduced gas exports 8% to 203.22 billion cubic meters. Exports to Europe fell 7.5% to 138.8 billion cubic meters. Only gas export to Turkey showed positive dynamics last year: up 4% to 25.99 billion cubic meters.

The average gas price for the E.U. totaled U.S. $402 per 1,000 cubic meters, for the CIS and Baltic states – $308 per 1,000 cubic meters.

In 2013, Gazprom forecasts a rise in gas exports to Europe at 9.4% to 151.8 billion cubic meters, and those to the CIS and Baltic states a rise of 15.7% to 74.5 billion cubic meters.

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