Gazprom Gas Sales May Reach $80 Billion Record, Vedomosti Says

OAO Gazprom, Russia’s gas exporter, may have record sales of 2.2 trillion rubles ($80 billion) inEurope this year based on the Russian Economy Ministry’s price forecast, Vedomosti said, citing a ministry document and Denis Borisov, an analyst at Bank of Moscow.

The amount would depend on the Ministry price prediction of $383 per thousand cubic meters and Gazprom fulfilling a plan to export 228 billion cubic meters of the fuel, the Moscow-based newspaper said. The previous sales record for the European market was 2 trillion rubles in 2008, Vedomosti said.

(Source: http://www.bloomberg.com/news/2011-04-11/gazprom-gas-sales-may-reach-80-billion-record-vedomosti-says.html)