In 2017, Russia increased gas export prices to the EU.

(Baonghean.vn) - Russian gas corporation Gazprom plans to increase the price of gas exports to Europe from 167 USD in 2016 to 180-190 USD/1000m³in 2017, - said Vice President of the corporation Alexander Medvedev.

Gazprom - The largest gas corporation in Russia. Photo: Gazeta

The average export price to the CIS and Baltic countries has reached 152 USD/1000m, added the Gazprom Vice President.³in 2016. In addition, oil prices have increased, which has significantly affected the gas market. Therefore, the trend of increasing gas export prices is inevitable.

Currently, Gazprom has captured three-quarters of the EU energy market. In 2016, Gazprom exported 179.3 billion cubic meters of gas to Europe, raising the group's market share in the EU market to a record 34%. In 2017, this figure could exceed 180 billion cubic meters. "We expect a record to be set," Medvedev shared.

Gazprom has emerged as the only natural gas supplier capable of reliably and stably meeting the demand arising from European customers. “The EU has always been an important market and a priority for Gazprom. We hope that this connection will remain stable in the coming years,” Mr. Medvedev stressed.

America and Russia

(According to TASS)