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

Gazprom May Include Rouble Settlements Into Export Contracts
September 20, 2015 22:13


“Gazprom” is ready to include the option of rouble settlements into export contracts. This was reported by TASS with the reference to the holding company.

On September 28 the Board of Directors of “Gazprom” will consider the issue of “inclusion of the provisions on the possibility of conducting settlements in Russian roubles in the new export contracts and the establishment of a reasonable minimum share of settlements conducted in Russian roubles”.

The settlements in the national currency may appear as “Gazprom” sells gas on short-term contracts. The gas monopoly started the auction practice for “Nord Stream”. In the future the holding company plans to expand settlements in roubles to other export routes.

As it was stated in mid-September by the company’s Deputy Chairman Aleksandr Medvedev, “Gazprom” may sell up to 10 percent of the volume of gas exports through auction in 2016-2017. In June it was reported that “Gazprom” and CNPC (China National Petroleum Corporation) excluded the US dollar from the settlements for the supply of gas through the western route. In 2014 “Gazprom Export” cut the gas supplies to Europe by 9 percent - down to 146.6 billion cubic meters. Last year the gas of the company cost an average of $ 345 in Europe. The sharp reduction of the price is due to the fall in oil prices.


Author: Anna Dorozhkina

Tags: Gazprom     

Next Previous

You might also find interesting:

Rosneft Delivered Gasoline to APR The Russian Ministry of Finance May Reduce the Program Of Support for SMEs Petroleum Prices Grew Dramatically In April Russian Military Aircrafts Violated Turkey Guerrillas' spirit or gorillas' brain?

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Naryn-Kala  Russian social networks  Tobolsk Kremlin  Karelia   Pobeda  Russian Wood Carving  poll  Fashion Illustration  Mercedes-Benz Fashion Week Russia  travel to Russia  Zhanna Prokhorenko  Russian tourism industry  New Year  Syria  Russian banks  Moscow Physics and Technology Institute  St. Petersburg  Tver Museums  Moscow taxi  Alexander Akilov  Avachinsky Gulf  Photoparade in Uglich Festival  Bashneft  obituary  Sheremetyevo  Weekend tourism  tourist passport  Russian business  Russian Cinema  Russian festivals  accommodation in Russia  small aviation  Russian toy shops  Kostroma  Archaeology  Russian fashion  Russian tourism  Exhibitions in Moscow  Lokomotiv plane crush  Russian regions  Political Caricature  Moscow  Grigory Rasputin  Russian oligarchs  Nutcracker  Yaroslavl   Contemporary Arts  Tretyakov Gallery  Festivals in Moscow  Magnitsky Act 

Travel Blogs
Top Traveling Sites