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Projection update
Average price of European and Ukrainian exports of Gazprom, USD/mcm
|
|
2006 |
2008 |
2008 |
2008 |
2008 |
2009 |
2009 |
2009 |
2009 |
2010 |
|
|
Q1 |
Q1 |
Q2 |
Q3 |
Q4 |
Q1 |
Q2 |
Q3 |
Q4 |
Q1 |
|
Europe and Turkey |
243 |
346 |
390 |
438 |
472 |
390 |
292 |
210 |
193-219 |
199-250 |
|
Ukraine (1) |
230 |
180 |
180 |
180 |
180 |
360 |
270 |
194 |
178-202 |
230-288 |
|
Average price of
Brent crude, $/bbl |
62 |
97 |
121 |
114 |
55 |
44 |
58 |
50-70 |
50-70 |
50-70 |
Sources: Gazprom (2008);
estimations of East European Gas Analysis (2009).
(1) The price of 2008 was
$179.50/mcm. In Q1-2006 - the price of gas produced in Russia.
According to the
Gazprom-Naftogaz contract, from
January 2010, Ukraine is to pay higher price than any European
importer. The "super-European" price is
the result of successful bluff of
Vladimir Putin and Gazprom's management.
Mikhail
Korchemkin
June 4, 2009
Reproduction or use of the materials is allowed only with the reference to East European Gas
Analysis or www.eegas.com
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