Gazprom pipelines and export capacity

Газопроводы Газпрома и экспортные мощности

Gas pipelines of West Siberia

Газопроводы Западной Сибири

Export flows of Gazprom

Экспортные потоки

Spot, Gazprom, Brent

Цены на нефть и газ

End-use price of gas

Russia and USA

Daily gas production

Суточная добыча


Conversion factor puzzle of Gazprom


Comparison of Russian gas prices is complicated by the variety of gas standards in the reports and contracts of Gazprom. From the standpoint of heat content, a cubic meter of Ukrainian contract differs from the one of Gazprom report making the prices per thousand cubic meters (mcm) incomparable. To compare the prices, one needs to apply correct conversion factors.

For example, the prices of the Ukrainian contract of Gazprom are converted as follows.

$268.5/mcm

= $8.4/MMBtu

$378/mcm

= $11.8/MMBtu

$485/mcm

= $15.2/MMBtu

For the sake of comparison, IMF estimated the price of Russian gas at the border of Germany at $10.40/MMBtu (in September 2014). Gazprom reported the weighted average price of gas exported out of the former Soviet Union in H1-2014 at $11.4/MMBtu.

Mikhail Korchemkin

East European Gas Analysis

Malvern, PA, USA

 

October 31, 2014

 

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Last modified: 12/07/14                    East European Gas Analysis 2006-2014                                           Email: info@eegas.com
Reproduction or use of materials is allowed only with reference to East European Gas Analysis or www.eegas.com