Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS
russian visa

Russian Gas Price Has Fallen
September 6, 2015 18:04


The average price of sales of the Russian gas to Europe amounted to 251 dollars per thousand cubic meters in the second quarter. This was reported by TASS referring to the statements of “Gazprom” for the first half of the year.

Let’s compare, the price of gas amounted to $ 284 in the first quarter. Thus, the prices have fallen by 11.7 percent. In addition, the demand fell too: if the volume of sales amounted to 41 billion cubic meters in the first quarter, taking into account the supply of LNG, in the second quarter it dropped to 39 billion.

The price on Russian gas for Europe is reviewed quarterly and is linked to oil prices with a lag of nine months. The gas on the continent has recently become cheaper due to a substantial drop in oil prices, as well as due to the expansion of supplies from alternative suppliers. “Gazprom” is the largest Russian energy company engaged in the development and sale of oil and gas. The company’s share in the world gas reserves amounts to 17 percent and to 72 percent in Russian reserves.

“Gazprom” is the only Russian producer and exporter of liquefied natural gas. More than 50 percent of the shares are controlled by the state (Federal Property Management Agency directly owns 38.4 percent of shares), ADR holders own 26.2 percent of the shares, other legal entities and physical persons own 23.5 percent.


Author: Anna Dorozhkina

Tags: Russian gas     

Next Previous

You might also find interesting:

12 Russian Supermodels Who Gained International Success Yandex. Air tickets Aeroflot Is Leading On Transit Routes Between Europe And Asia EU-Russia Summit in Khabarovsk Sale of "Golden Passports": Coronavirus Spurred Russians' Interest in Foreign Citizenship

Comment on our site

RSS   twitter      submit

Russian tourism  Mercedes-Benz Fashion Week Russia  Exhibitions in Moscow  Russian science  Magadan ethnic park  Mercedes-Benz Fashion Week   technology  Borodino  Days of Finland  Russian Rock  Russian economy  Far East  Russian business  Enem  Rubin Kazan  Roman Empire  fountain  St. Petersburg  Russian social networks  Pavel Kogan  Russian Cinema  Puppet Theatre  International Music Humour Festival  Moscow planetarium  Russian Orthodox Church  Lyudmila Kasatkina  Mikhail Prokhorov  Alfa Group  Dmitry Plavinsky  Ferapont Monastery  Dovlatov  Monuments in Moscow  Honey  Sakhalin Islands  Macedonia  Moscow  Vladimir  Painting  criminality  human rights  Khachin Island  Russia international  Exhibition Fairs  The Romanov Family  Transaero  Orthodoxy  Chechen republic  Komi Republic  Russian scientists  Kremlin 

Travel Blogs
Top Traveling Sites