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Starting from 2013, Gazprom
reports the
conversion factor for MMBtu to cubic meters. Specifically,
2013
Gazprom Management Report sets 1 MMBtu = 0.028 mcm. It means 1 mcm = 1000/28
= 35.7 MMBtu.
However, this number
contradicts all other coefficients of the report. For instance,
1 mcm = 1.154 ton of
fuel equivalent =
29.3 GJ x 1.154 = 33.8 GJ =
32.0 MMBtu.
Conversion through calories
or barrels of oil equivalent also produces results close to 32 MMBtu per mcm.
Comparison of the
reported average price of European exports of Gazprom and the
estimated price of Russian gas at the border of Germany also indicates that
the factor of 35.7 MMBtu per mcm does not seem to be correct.
Mikhail Korchemkin
East European Gas
Analysis
Malvern, PA, USA
August 18, 2014
Reproduction or use of
materials is allowed only with reference to East European Gas
Analysis or www.eegas.com
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