Russian gas giant Gazprom is increasing gas exports to foreign countries, Gazprom CEO Alexei Miller said on Tuesday, adding that gas exports in May went up by 10% year-on-year to reach 13.75 billion cubic metres.
“Gazprom is increasing gas sales to its clients in foreign countries, even as compared with the last year’s record-breaking exports,” he said. “In May, exports amounted to 13.75 billion cubic metres, or by 10% more than last year. In general, over the five months of the current year, gas exports have grown by 5% on the background of projected decrease in gas production in Europe and in gas supplies from other sources.
Gazprom plans to deliver 158.4 billion cubic meters of gas to Europe, 56.4 billion cubic meters to the CIS and Baltic states in 2014, the company said.
Gazprom has supplied 161.5 billion cubic meters of gas in Europe, 59.4 billion cubic meters to the CIS and Baltic states in 2013.
The average gas price for Europe has stood at $387 per 1,000 cubic meters and $272 for CIS states.