The Russian government has established price caps that limit Gazprom’s obligation to purchase gas and related services from joint ventures with Austrian OMV and Germany’s Wintershall Dea. This framework was published on the Official Internet Portal of Legal Information, signaling a formal government stance on how long and at what level Gazprom can commit to buying gas from these partnerships.
The publication specifies concrete price ceilings for gas produced at the Achimov deposits of the Urengoyskoye field. The maximum price is set at 2,550 rubles per thousand cubic meters for gas, while gas condensate is capped at 16,370 rubles per ton. These figures represent the government’s attempt to regulate procurement costs in a key energy supply region and to provide clarity for contractual planning between Gazprom and its joint venture partners.
Similarly, the document sets a price limit for gas purchases from the Yuzhno-Russkoye field. The ceiling is 2,390 rubles per thousand cubic meters at the entrance to the main gas pipeline, with a maximum of 5,464 rubles per ton entering after processing. These caps aim to stabilize input costs for Gazprom and to shape the financial parameters of operations tied to these gas fields.
The text further notes that the maximum purchase prices for gas and related services from these joint ventures apply to obligations payable after March 1, 2022 and remain in effect until October 1, 2023. This temporal element provides a finite window for the pricing regime and gives both sides a defined horizon for negotiation and compliance, within the broader context of Russia’s gas market governance.
Observers noted that European gas prices were already under pressure in December 2022, with the market recording a price near 845 dollars per thousand cubic meters, marking a substantial rise over the previous month. This development underscores the broader energy pricing dynamics that influence domestic procurement decisions and the financial calculus surrounding Gazprom’s JV contracts with OMV and Wintershall Dea, as reflected in the official documentation and subsequent market commentary. [Source: Official portal of legal information; corroborated by market analyses and government statements]