Alexey Miller about the price of Russian natural gas supplied to Europe

October 1 2008

“This summer, in July, while visiting Azerbaijan we stated that according to our forecasts the European price of Russian gas might reach USD 500 per 1,000 cu m by late 2008. As of today, we can assert that the price growth has surpassed Gazprom’s expectations: the price of gas supplied by Gazprom to Europe exceeded USD 500 already in October.”

Information Directorate, OAO Gazprom