Alexey Miller's column

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    “Last week saw the announcement of the formation of a ‘big gas troika’: besides Russia it includes Iran and Qatar. And although this move was stated to be targeted at projects that are mutually beneficial for the three countries (exact project names will be disclosed in the near future), allegations have emerged in Europe and beyond the ocean that something like a ‘gas OPEC’ is being created and this process is very harmful and fraught with monopolism”.

    On the price for Russian natural gas supplied to Europe

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