Alexey Miller about the price of Russian natural gas supplied to Europe

“This summer, in July, while visiting Azerbaijan we stated that according to our forecasts the European price of Russian gas might reach USD 500 per 1,000 cu m by late 2008. As of today, we can assert that the price growth has surpassed Gazprom’s expectations: the price of gas supplied by Gazprom to Europe exceeded USD 500 already in October.”

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