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

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Updated: Nov 29, 2021, 15:27 UTC

MOSCOW (Reuters) - 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.

St. Petersburg International Economic Forum

MOSCOW (Reuters) – 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)

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