Gazprom cuts gas export forecast to Europe

Gazprom, which accounts for around a third of Europe's gas needs, said it plans to ship 56.4 bcm to Baltic States and countries in the Commonwealth of Independent States this year,

Gazprom cuts gas export forecast to Europe

World Bulletin/News Desk

Russia's Gazprom plans to export 158.4 billion cubic metres (bcm) of gas this year to Europe, including Turkey, down from 161.5 bcm shipped in 2013, the state-controlled company said on Tuesday.

Gazprom added that the average gas price it was charging its clients in Europe, including Turkey, was $387 per 1,000 cubic metres last year.

Gazprom, which accounts for around a third of Europe's gas needs, said it plans to ship 56.4 bcm to Baltic States and countries in the Commonwealth of Independent States this year, down from 59.4 bcm from 2013.

Ukraine is a major Russian gas transport route to Europe. Moscow and Kiev are locked in a dispute over prices and volumes, although tensions easing on Monday when Gazprom delayed switching Ukraine to prepayment for supplies by almost a week - until June 9.

Gazprom said talks could continue on Tuesday with Kiev, with whom Russia's relations have worsened since Ukraine's Moscow-leaning president was ousted and Russia annexed the Crimea region.

"Talks went for a long time yesterday ... There is an understanding on how to move forward - this is very important," Gazprom spokesman Sergei Kupriyanov told reporters.

Ukrainian Prime Minister Arseny Yatseniuk told parliament on Tuesday he expected talks with Russia's Gazprom on gas prices to end this week and, if they prove inconclusive, Ukraine will file a case with a Stockholm arbitration court.

"We look forward to the completion of negotiations with Russia's Gazprom this week," Yatseniuk said. "If we do not reach an agreement, we will turn to the Stockholm court."

He added that Ukraine has now to repay debts of $1.45 billion for gas delivered in November and December last year.

Late on Monday, after some six hours of talks brokered by the European Union, European Energy Commissioner Guenther Oettinger said the chief executives of Gazprom and Ukraine's Naftogaz had agreed to consider a plan that could avoid price disputes recurring over the European winter when demand peaks.

Last Mod: 03 Haziran 2014, 13:13
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