2015-02-13 19:20 [Photo: Gaz System SA] 
contractual prices of natural gas supplied by Gazprom customers in Europe in 2015 will fall by more than one-third – predicts Ministry of Economic Development.
It is expected that the average price of blue fuel for customers in Europe will reach $ 222 per 1,000 cubic meters to USD 341 in 2014. As reported on Friday journal Vedomosti , the price of the Ministry said in its official forecast of socio-economic development. The newspaper pointed out that Gazprom bases its corporate plans on forecasts of the Ministry of Economic Development.
– Vedomosti indicate that the price may change when the forecast revisions planned in April and September. If current estimates of the Ministry of the check, the average price of gas to customers in Europe this year will be about 35 percent. lower than the previous. Gazprom has not commented on these reports.
From the Russian Ministry forecasts do not fully agree to analysts quoted by Vedomosti. They believe that the forecast price of USD 222 per 1,000 cubic meters is undervalued. If the price of oil $ 50 a barrel to continue in the first half of the year, the average price in 2015 Gazprom will not fall so much, will remain above $ 300.
The S & amp; P 500 is on new historical highs.
Gazprom data show that in 2014 the concern exported to Europe 146.6 billion cubic meters of gas in the amount of 49.8 billion USD. In the current year, wants to increase the supply of up to 160 billion cubic meters. If the forecast of the Ministry of Economic Development will check out a company’s revenues from gas exports to Europe in 2015 will fall by 14.3 billion dollars – to 35.5 billion dollars.
In 2014 years Europe accounted for 70 percent. Gazprom all revenues from gas exports. The price of Russian blue fuel began to decline last year due to the collapse in oil prices, which are tied to the price of Gazprom’s contracts. Gas prices react to the dynamics of oil prices with a delay of 6-9 months.
Read more in Money.pl
With forecasts of the Russian Ministry do not fully agree to analysts quoted by Vedomosti. They believe that the forecast prices of US $ 222 per 1,000 cubic meters is undervalued. If the price of oil $ 50 a barrel to continue in the first half of the year, the average price in 2015 Gazprom will not fall so much, will remain above $ 300.
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