"Gazprom increases gas exports to Europe

According to the results of the first quarter of 2011 «Gazprom» increased export supplies of gas fuel to Europe by 12%, and by 17% in the first five months of this year. According to preliminary estimates, the company's revenues from gas supplies to European countries will amount to $60 billion, while previously the forecasted volume was $53-55 billion. dollars. For the period from January to May, total export revenues «Gazprom» reached $36.3 billion.

According to the deputy head of «Gazprom» Alexander Medvedev in winter 2011-2012, the price of gas on the European market is expected to be around $400 per cubic meter. The average price this year will be slightly below this level.