Russia Lowers Natural Gas Export Price Forecast Despite Higher Budget Spending

Russia cut its forecast for natural gas export prices to countries outside ex-Soviet Union to $321.7/1,000 cubic meters in 2024.
2023 forecast is $434.6/1,000 cubic meters, dropping below $300/1,000 cubic meters in 2026.
Revisions lower than earlier $405.4/1,000 cubic meters forecast for 2024.
Russia increasing budget spending in 2023 by $383 billion despite lower gas price forecast.
Russia's domestic oil and gas production expected to decline in 2022.

oilprice.com

Relevant topic timeline:

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