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Dear friends! For more than three years I've been telling you about the main news, events, trends in the world oil and gas market. I do it for free and without advertising. Therefore I ask you for help. Wognews needs development. You are more than 20 000 people from more than 80 countries. If each donate a small amount of money, $10, $20, $30 or more, wognews will become better. Thank you, Vladimir Vinogradov, the founder of wognews.
2015-07-07 19:20:00

RUSSIAN GAS KEY

RUSSIAN GAS KEY

Europe could take advantage of global LNG dynamics, but much of the evolution of the European LNG market depends on Gazprom's decisions in the short to medium term, The Oxford Institute for Energy Studies wrote in a note published on Monday.

'Gazprom is occupied on many fronts in both political and commercial spheres. At some point however the need to adopt a more market-oriented strategy is likely to rise on its list of priorities. While the timing of this is at present uncertain, the conclusions of this paper would strongly suggest that this is a development that players in the wider LNG-connected global system should be closely monitoring' Howard Rogers wrote.

According to the analysis, the LNG contract price levels have been pushed down 'to levels unimaginable just two years ago.' Rogers explained that the changes are due to warmer than normal winters in 2013 and 2014, slowing Asian LNG demand growth through 2014, and collapse of the oil price in late 2014. The factos are expected to slow developments down.

'With project economics challenged and cashflows crimped, investors in new gas supply projects, especially LNG, will inevitably hold back, cut costs and await a more positive market outlook.'

Europe will be a passive recipient of excess supply, which could offset declining domestic production. In the longer term, Russia will be the major player.

naturalgaseurope.com

More:

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NOT LIFE NOT DEATH

EU GAS DIFFICULTIES

GAZPROM: NORD STREAM - 2

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EU GAS STRATEGY

 

 

Tags: GAS, LNG, RUSSIA, EUROPE, GAZPROM

Chronicle:

RUSSIAN GAS KEY
September, 22, 08:50:00

RUSSIA - KURDISTAN INVESTMENT

Instead, with the planned referendum just days away, Russian state oil giant Rosneft announced its latest investment last week, to help Iraqi Kurdistan develop its natural gas industry, for domestic supplies and eventual export.

RUSSIAN GAS KEY
September, 22, 08:45:00

IRAN'S GAS EXPORT: ABOVE 5 BCM

Iran exported over 5 billion cubic meters (bcm) of natural gas during the first five months of the current Iranian calendar year (March 21-August 22), Dispatching director of National Iranian Gas Company (NIGC) announced.

RUSSIAN GAS KEY
September, 22, 08:40:00

IRAQI OIL TO U.S.

Gazprom Neft has shipped its second and largest cargo of Iraqi crude to the US since the Badra field, its flagship overseas oil project, came on stream in 2014, the Russian oil company said Tuesday.

RUSSIAN GAS KEY
September, 22, 08:35:00

QATAR - TURKEY LNG

Qatargas has agreed to sell 1.5 million tpy of LNG to Turkey’s BOTAŞ Petroleum Pipeline Corporation (BOTAŞ) over a period of three years

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