Gazprom propose a 14% increase in the gas sales price to Europe...

Gazprom propose a 14% increase in the gas sales price to Europe for 2007 to US$8.30 per 1000cuft. They expect to generate $46bill from European countries for 2007, which supposedly represents only 25 to 30% of Europes gas needs. Shouldnt be too hard for EPG to carve a niche under these conditions I would think.

I recall that I only used US$7 per 1000cuft in valuing EPG in posts earlier this year ... just the current 15% of the Lorraine permit under study leads to a multi dollar valuation imo.

Cheers
Poyndexter