Gazproms Expects Export Earnings Up To $33 Billion In 2006

GAZPROMS EXPECTS EXPORT EARNINGS UP TO $33 BILLION IN 2006
04.04.06

Russland.RU, Russia
April 5 2006

Gazprom’s export earnings are expected to grow by 27% to about $33
billion, the head of the Russian energy giant’s export arm said
Tuesday.

Gazexport head Alexander Medvedev said, “Even if I were very
pessimistic, earnings would still stand at no less than $33 billion.”

He said Gazprom’s export earnings totaled $26 billion in 2006 (up 41.8%
year on year).

Medvedev also said Gazprom was planning to preserve a single export
channel and that Gazexport, soon to be renamed Gazpromexport, would
handle all the company’s natural gas supplies.

He said gas prices for foreign consumers could not be compared as
they depended on local conditions and expenses. Prices for Armenia
and Georgia were raised to $110 per 1,000 cubic meters last year,
he said, adding that this was not a final price.

Belarus is currently paying $46.68 per 1,000 cu m of natural gas,
compared with $230 for Ukraine.