Zubkov: Gazprom in 2016 could supply Europe with 160 billion cubic meters of gas

Zubkov: Gazprom in 2016 could supply Europe with 160 billion cubic meters of gas


VIENNA, 20 January. Gazprom in 2016 could supply Europe with 160 billion cubic meters of gas, said the Chairman of the Board of Directors of the Russian gas holding Viktor Zubkov.

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“Over the past three years, Gazprom supplied Europe 467.5 billion cubic meters, is one third of the consumption. What will be this year: we are expecting 160 billion cubic meters,” – he said, speaking at the European gas conference.

“Gazprom” in 2015, increased gas export to far abroad countries by 8% compared with the previous year to 159.4 billion cubic meters. Thus, in 2016, the exports to Europe will remain almost on the same level as last year.

In particular, shipments to Germany 2015 for the year increased by 17.1%, Italy 12.6%, France – by 36.8%, in the UK by 10.2%, Austria – by 11.5%.

As previously reported, Gazprom predicted export gas to Europe in 2015 at the level of 158 billion cubic m. “Gazprom export” has reduced in 2014 gas supplies to European consumers (Western and Central Europe) by 9.3% to 146,6 billion cubic meters.

The price question

Zubkov said that the price of gas supplies by Gazprom to Europe in the 1st quarter may amount to $180 per thousand cubic meters against $284 a year earlier.

“The price was 284 dollar in the first quarter of 2015, it is estimated that in the first quarter of this year will be $ 180, so we’re missing 100 dollars,” he said.