Russia's Gazprom expects 2022 gas prices in Europe no lower than 2021


Bywire - Claim your free account nowBywire - Claim your free account now

MOSCOW - Russian state gas company Gazprom forecasts that gas prices in Europe next year will be no lower than in 2021, a company official told a conference call on Monday.

Gazprom sees the average gas price in Europe at $550 per 1,000 cubic metres in the fourth quarter, the official said, adding that the company would continue refilling storage in the region until year-end because it now stands at 75.25 billion cubic metres (bcm), below a six-year average of 90.73 bcm.

(Reporting by Vladimir Soldatkin and Oksana Kobzeva; Writing by Katya Golubkova; Editing by David Goodman)

Bywire will email you from time to time with news digests, stories & opportunities to get involved. Privacy

Bywire - Claim your free account nowBywire - Claim your free account now