The Cabinet of Ministers has set marginal prices for gas purchases by Gazprom from a joint venture with Wintershall and OMV

The Cabinet of Ministers has set marginal prices for gas purchases by Gazprom from a joint venture with Wintershall and OMV

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The Russian government has approved maximum prices, above which “Gazprom” and its affiliates will not be able to pay for gas supplies from fields developed together with Wintershall and OMV.

In accordance with documentthe marginal price for natural gas produced in the areas of the Achimov deposits of the Urengoy oil and gas condensate field, whichGazprom» is developing through a joint venture (JV) together with the German Wintershall Dea, will amount to 2550 rubles. per 1000 cu. m. The maximum price for gas condensate will be 16,370 rubles. per ton.

The maximum price for gas supplies from the sites of the Yuzhno-Russkoye field, developed by the Severneftegazprom joint venture, controlled by Gazprom, Wintershall Dea and the Austrian OMV, will be 2390 rubles. per 1000 cu. m before entering the system of main gas pipeline transport and 5464 rubles. – after.

The maximum amount of payment for gas production services at the sites of the Urengoy oil and gas condensate field will be 800-1600 rubles. per 1000 cu. m, condensate – 1300-5070 rubles. per ton.

These prices apply to obligations that are due after March 1, 2022, and apply until October 1, 2023.

The share of Wintershall Dea in Achimgaz is 50%, Achim Development is 25.01%. The share of Wintershall Dea in Severneftegazprom is 34.9%, while OMV owns 24.99%, the rest belongs to Gazprom. In March, OMV announced plans to renegotiate its stake in the Yuzhno-Russkoye field.

December 22 Russian President Vladimir Putin signed a decree on the introduction of special economic measures in the field of gas supplies in connection with the unfriendly actions of a number of states. According to the document, “Gazprom”and its affiliates cannot fulfill obligations to foreign companies that are associated with countries that commit unfriendly actions against the Russian Federation.

In March 2022, the Russian government approved a list of unfriendly countries. The list includes all EU countries, as well as the US, UK, Japan and Australia. Both Germany and Austria are EU member states.

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