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Gazproms Expects Export Earnings Up To $33 Billion In 2006

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  • Gazproms Expects Export Earnings Up To $33 Billion In 2006

    GAZPROMS EXPECTS EXPORT EARNINGS UP TO $33 BILLION IN 2006
    04.04.06

    Russland.RU, Russia
    April 5 2006

    Gazprom's export earnings are expected to grow by 27% to about $33
    billion, the head of the Russian energy giant's export arm said
    Tuesday.

    Gazexport head Alexander Medvedev said, "Even if I were very
    pessimistic, earnings would still stand at no less than $33 billion."

    He said Gazprom's export earnings totaled $26 billion in 2006 (up 41.8%
    year on year).

    Medvedev also said Gazprom was planning to preserve a single export
    channel and that Gazexport, soon to be renamed Gazpromexport, would
    handle all the company's natural gas supplies.

    He said gas prices for foreign consumers could not be compared as
    they depended on local conditions and expenses. Prices for Armenia
    and Georgia were raised to $110 per 1,000 cubic meters last year,
    he said, adding that this was not a final price.

    Belarus is currently paying $46.68 per 1,000 cu m of natural gas,
    compared with $230 for Ukraine.
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