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Russian gas in Europe fell in price by 56% over the year
14:28, 30 April 2016
Russian gas in Europe fell in price by 56% over the year

The average gas price in the first quarter of 2016 amounted to 167.6 USD

14:28, 30 April 2016

Фото из открытых источников

Russian gas prices continue to decline, despite the recent rise in oil prices, - reported “Zerkalo nedeli” with reference to the Ministry of Economic Development of the Russian Federation.

IMF approves boost in gas prices for Ukrainians

For example, in March the cost of a thousand cubic meters of Russian gas on the spot market in Germany fell to 147.2 USD. Thus, in March, gas prices have fallen by 14.6%, while in annual terms prices fell by 56%. The average gas price in the first quarter of 2016 was 167.6 USD per thousand cubic meters.

As known, gas prices are linked to world oil prices, but they react to changes of oil prices not immediately - but with a time lag of six to nine months.

Related: Ukraine ready for gas talks with Russia, European Commission

Related: Russia decreases gas price for Ukraine in Q2 2016

Related: Klimkin urges EC to counter construction of gas pipelines bypassing Ukraine

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