OAO Gazprom (GAZP.RS) foresees lower investments in 2013 of 841.1 billion Russian rubles ($27.2 billion) compared with this year and expects lower prices for natural gas exports to Europe, a Gazprom official who didn't want to be named said Wednesday.
OAO Gazprom (GAZP.RS) foresees lower investments in
2013 of 841.1 billion Russian rubles ($27.2 billion) compared with this year
and expects lower prices for natural gas exports to Europe, a Gazprom official
who didn't want to be named said Wednesday.
Gazprom usually revises its capital expenditure forecast upward over the course
of the year, and in October raised investments for 2012 by almost a quarter to
RUB974.7 billion.
Gazprom's budget for next year will be considered at a board meeting Thursday.
The price of gas exports to
Europe
, Gazprom's most lucrative market, is expected to decline to around $370
per 1,000 cubic meters from over $400 this year, the person cited the budget as
saying. The price for
Ukraine
, which for months has been pushing for a discount, could fall to around
$352, the person said, adding that the forecast decrease in prices wouldn't
represent a discount but be in line with the pricing formula.
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