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Gazprom sees 2009 gas exports falling to 140 bcm

Russia's gas export monopoly Gazprom said it expected its gas exports to fall to 140 billion cubic meters (bcm) in 2009, down from 179 bcm last year.

Gazprom's deputy chairman Alexander Medvedev also said that the average export price will be around $260 per 1,000 cubic meters (tcm), down from Gazprom's previous forecast of $280 per tcm.

“We forecast (exports) at 140 bcm, while the average price forecast is around $260 per 1,000 cubic meters,” Medvedev told reporters. (Reuters)