Gazprom Reports Q4-2012 Average Export Price of $12.6/MMBtu

Our colleague Mikhail Korchemkin from East European Gas Analysis dropped us a note after our publication of our article US LNG Exports: The Numbers May Tell a Different Story

Mikhail commented that in the last couple of weeks, several estimates of the export price of Russian gas appeared in the media, most of them are in the range of $10-12/MMBtu.

However, a report from Gazprom puts the average price of gas exported out of the former Soviet Union in Q4-2012 at $402.3/mcm or $12.6/MMBtu.

A copy of the report can be found HERE, with the necessary conversion factors can be found in the end of the report.

Our thanks to East European Gas Analysis, a Natural Gas Europe Industry Partner