





Gazprom to increase natural gas price to 500$ / 1,000 cubic meters for deliveries to Europe
The first prognosis for 2008 indicated a price of 310 dollars per 1,000 cubic meters. In March, Gazprom president Aleksei Miller re-opened the issue, saying that the price may grow to 400 dollars, then in June just noted that the price was already 410.
The company may have huge earnings from its exports, but that did not prevent the stock from falling. at the end of the session on Wednesday, the Gazprom shares lost 1.2%, down to 205 rubles, after reaching a minimum of 191 rubles.