Prices of gas sold by Russia to fall sharply in 2025

19.05.2022,11:37

May 19, Fineko/abc.az. The Ministry of Economic Development of Russia has published a forecast of prices for Urals oil and gas exported from Russia until 2025.

ABC.AZ reports that the average contract gas prices in the basic version in 2022 are expected at $453 per 1,000 cu m ($435.2 per 1,000 cu m in the conservative version). In 2023, the MED forecasts $374.1 per 1,000 cu m ($319.5), in 2024 - $334.4 ($292.3), in 2025 - $295 ($263.4).

Prices for gas supplied to non-CIS countries in 2022 are expected to reach $523.3 per 1,000 cu m ($513.1 per 1,000 cu m in the conservative version). In 2023, according to the Ministry, prices will be $431.1 ($385.6), in 2024 - $381 ($346.3), in 2025 - $336.7 ($311.5).