|
Devaluation of the
Russian ruble has affected the economic performance of Gazprom.
However, the cost of West Siberian gas delivered to the European
Union is still high and it leaves very limited room for price
reductions.
Table 1. Estimated Cost of Russian Gas Export,
$/MMBtu
|
Cost item |
Average |
Yuzhno-Russkoe |
|
Production |
0.88 |
1.08 |
|
Transmission to Vyborg |
1.45 |
1.54 |
|
Nord Stream |
0.92 |
0.92 |
|
Export duty for $5.09 |
1.53 |
1.53 |
|
TOTAL |
4.78 |
5.07 |
Note: Calculated costs for
the period of January-September 2015
Read full report
Mikhail
Korchemkin
East
European Gas Analysis
Malvern,
PA, USA
March 3, 2016
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