Europe buys Russian gas in anticipation of price hikes. According Finanz.ru, in June, the volume of exports of Gazprom increased by about 5% compared to last year and amounted to 13.4 billion cubic meters. According to the Ministry of Economic Development, in May the average selling price of Russian gas on the border with Germany amounted to $147.2 thousand per cubic meters. In June, prices continued to fall, repeating the dynamics of oil six months ago. The market of ‘black gold’ has shown, in January 2016, the minimum price lows at $27.2 per Brent barrel, after starting rapid growth, amounting to 90% in 5 months, reports Finanz.ru. 

 

Photo: sharij.net

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