Gas price under Gazprom’s contract with China on par with European (RF energy minister)

Gas price under Gazprom’s contract with China is close to the European one, Russian Minister of Energy Alexander Novak told Itar-Tass on Friday.

The minister noted that the price was calculated based on a formula taking into account the oil product basket, hence it could change in a certain range.

On May 21, 2014, Russia’s gas giant Gazprom signed a 30-year contract on gas supplies to China worth 400 billion U.S. dollars.

In 2013, an average gas price for Europe was in a range from 370 to 380 U.S dollars per 1,000 cubic metres.
[itar-tass.com]
23/5/14
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