Itera's production will be channelled to the CIS market, allowing Gazprom to redirect other natural gas flows to the more profitable West European market. In 1999 Gazprom plans to export 125 billion cubic metres of natural gas to West Europe, up from 120.5 billion in 1998. Through 1998 Gazprom sold 52.4 billion cubic metres of gas to ex-Soviet republics other than Russia. The information contained herewith is based on information made available to the public and is for information purposes only. Information sources are deemed reliable by RMG Securities, however RMG Securities abstains from any liabilities determined from the information herewith.
Analysis is based on dated market information and is subject to change.