Starting from 2013, Gazprom
conversion factor for MMBtu to cubic meters. Specifically,
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 =
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.
East European Gas
Malvern, PA, USA
August 18, 2014
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