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2015-06-09 19:25:00

EUROPE GAS DEFICIT: 50 BLN TO 2025

EUROPE GAS DEFICIT: 50 BLN TO 2025

Europe may face deficit of gas imports of a total of 50 bln cubic meters in 2025, Gazprom Deputy Chairman Alexander Medvedev said Monday.

By 2025, deficit in Europe will reach 80 bln cubic meters due to falling natural gas production while "Washington dreamers will hardly be able" to supply more than 50 bln cubic meters of gas to Europe a year, Medvedev said, adding that around 50 bln cubic meters is the import deficit which has no contracts and transport routes for supplying gas to Europe.

Medvedev also confirmed Gazprom will stop gas transit through Ukraine to Europe after 2019. "After the expiry of the transit contract with Ukraine there will not be any prolongation nor signing of a new contract on any terms," he said.

oilandgaseurasia.com

Tags: EUROPE, GAS, GAZPROM

Chronicle:

EUROPE GAS DEFICIT: 50 BLN TO 2025
2018, June, 22, 13:10:00

THE LARGEST VENEZUELA'S OIL

U.S. EIA - Venezuela holds the largest oil reserves in the world, in large part because of the heavy oil reserves in the Orinoco Oil Basin. In addition to oil reserves, Venezuela has sizeable natural gas reserves, although the development of natural gas lags significantly behind that of oil. However, in the wake of political and economic instability in the country, crude oil production has dramatically decreased, reaching a multi-decades low in mid-2018.

EUROPE GAS DEFICIT: 50 BLN TO 2025
2018, June, 22, 13:05:00

U.S. DEFICIT UP FROM $116.1 BLN TO $124.1 BLN

U.S. BEA - The U.S. current-account deficit increased to $124.1 billion (preliminary) in the first quarter of 2018 from $116.1 billion (revised) in the fourth quarter of 2017, according to statistics released by the Bureau of Economic Analysis (BEA). The deficit was 2.5 percent of current-dollar gross domestic product (GDP) in the first quarter, up from 2.4 percent in the fourth quarter.

EUROPE GAS DEFICIT: 50 BLN TO 2025
2018, June, 22, 13:00:00

EUROPE'S NUCLEAR INVESTMENT : €50 BLN

WNN - There are 126 operational power reactors in 14 EU Member States, providing more than one-quarter of the bloc's total electricity production. In its Communication on the Nuclear Illustrative Program (PINC) published last year, the European Commission expects nuclear to maintain its significant role in Europe's energy mix up to 2050. This would require investment of some EUR40-50 billion (USD46-58 billion) in nuclear LTO by 2050.

EUROPE GAS DEFICIT: 50 BLN TO 2025
2018, June, 20, 13:15:00

OIL PRICE: ABOVE $75

REUTERS - Benchmark Brent crude LCOc1 was up 50 cents at $75.58 a barrel by 0835 GMT. U.S. light crude CLc1 was 50 cents higher at $65.57.

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