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2015-10-27 19:10:00

EUROPE GAS PRICES UP 14%

EUROPE GAS PRICES UP 14%

The outlook of gas supply prices to Europe was adjusted upward by more than 14% to $199 per 1,000 cubic meters for 2015, Russia's Ministry of Economic Development said on Friday.

The previous outlook targeted the non-CIS states gas supply price of $174 per 1,000 cubic meters.

The outlook for gas supply prices to Europe was also adjusted upward by 4.6% to $250 per 1,000 cubic meters for 2015, the ministry reported. The natural gas price was $239 per 1,000 cubic meters in the previous outlook of the Ministry of Economic Development for 2015.

The weighted average price of Russian gas supplies to Europe equals $238 per 1,000 cubic meters at the end of eight months, Deputy Chief Executive Officer of Gazprom Alexander Medvedev said earlier. 158 bln cubic meters of gas are planned to be supplied throughout 2015.

Russia's gas export will total 170 bln cubic meters in 2015 and 174.7 bln cubic meters in 2016 according to the outlook.

oilandgaseurasia.com

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ГАЗПРОМ ПОВЫСИТ НАДЕЖНОСТЬ 

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GAZPROM: MORE LNG

 

Tags: RUSSIA, EUROPE, GAS, PRICES

Chronicle:

EUROPE GAS PRICES UP 14%
November, 24, 09:15:00

SAUDI'S OIL FOR CHINA

BLOOMBERG - As Saudi Arabia led OPEC’s output cuts this year to shrink a global glut, it’s lost out on market share in the world’s biggest energy consumer. Russia in September retained the top Chinese supplier spot for the seventh straight month, while the kingdom was third.

EUROPE GAS PRICES UP 14%
November, 24, 09:10:00

URALS QUALITY WILL DOWN

PLATTS - The quality of Russia's key Urals crude exports towards Europe will continue to fall next year as more of the country's low-sulfur oil flows are diverted eastward to China, Russian national oil pipeline operator Transneft warned.

EUROPE GAS PRICES UP 14%
November, 24, 09:05:00

S.KOREA'S SOLAR UP

FT - OCI — the world’s third-largest polysilicon maker by capacity and South Korea’s biggest — this month reported a 3,373 per cent increase in operating profit to Won78.7bn ($72m) for the July-September quarter, its best performance in five years. Rival Hanwha Chemical saw third-quarter net profit jump 25 per cent to a record Won252bn. 

EUROPE GAS PRICES UP 14%
November, 24, 09:00:00

U.S. RIGS UP 8 TO 923

U.S. Rig Count is up 330 rigs from last year's count of 593, with oil rigs up 273, gas rigs up 58, and miscellaneous rigs down 1 to 0. Canada Rig Count is up 41 rigs from last year's count of 174, with oil rigs up 13, gas rigs up 30, and miscellaneous rigs down 2 to 2.

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