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2016-12-27 18:30:00

GAZPROM'S GAS RECORD

GAZPROM'S GAS RECORD

OGE - Russia supplied nearly a third of Europe's gas needs in 2016, a record amount despite tensions with the European Union and a desire by the bloc to reduce its dependence on Russian supplies.

The share of Gazprom's gas in Europe grows steadily and has almost reached about 1/3rd in the European gas consumption.

The company has estimated it supplied 31 percent of European gas supplies in 2015, which was already a record.

Gazprom is also on track to hit this year an absolute record of annual gas exports, both of Soviet times and the history of modern Russia.

The EU overall imports around half of its natural gas needs, but the bloc has become increasingly concerned about Gazprom's role as a dominant supplier since Russian supplies were twice disrupted during price disputes with Ukraine.

With some eastern European states nearly completely dependent on Russian gas, the EU suspected Gazprom may have abused its dominant position to charge higher prices and opened a probe.

Talks between the two sides have progressed in recent months on reaching an amicable agreement where Gazprom avoids paying a fine.

For months, Gazprom officials have been arguing that the increasing shipments despite greater availability of liquefied natural gas shows that Europe can't do without Russian gas and should allow the construction of additional pipelines.

Gazprom remains the only supplier able to securely provide significant additional volumes to its clients in Europe.

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Earlier: 

GAZPROM - OMV AGREEMENT 

ГАЗПРОМ ДЛЯ ИТАЛИИ: +36,5% 

RUSSIAN GAS FOR GERMANY: UP TO 23% 

GAZPROM TO AUSTRIA: UP 23.8% 

GAZPROM FOR FRANCE: +27.3% 

WESTERN SANCTIONS FOR GAZPROM

 



Tags: GAZPROM, GAS, EUROPE, RUSSIA

Chronicle:

GAZPROM'S GAS RECORD
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S.KOREA'S DIVERSIFICATION

PLATTS - For full-year 2017, South Korea's crude imports from its biggest supplier Saudi Arabia fell 1.7% to 319.02 million barrels, compared with 324.45 million barrels in the previous year, customs data showed. On the contrary, South Korea has imported 1.77 million mt, or around 13 million barrels, of crude from the US in 2017, about four times higher than in 2016. Shipments from Russia grew to 140,000 b/d last year from 112,000 b/d in 2016.

GAZPROM'S GAS RECORD
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ADNOC'S 2030 STRATEGY

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TOSHIBA SELLS WESTINGHOUSE

WNN - Under the terms of the assignment and purchase agreement it has signed with Nucleus and Brookfield, Toshiba will sell its rights to assert claims against Westinghouse related to the parent guarantees in the amount of $5.788 billion, and on account of other claims Toshiba holds against Westinghouse in the amount of $2.284 billion to Nucleus, for the sale price of $2.160 billion.

GAZPROM'S GAS RECORD
2018, January, 17, 23:50:00

OIL PRICES: NOT ABOVE $70 YET

REUTERS - Brent crude futures LCOc1 were at $69.23 a barrel at 0808 GMT, up 8 cents from their last close, but down from a high of $69.37 earlier in the day. Brent on Monday rose to $70.37 a barrel, its highest since December 2014, the start of a three-year oil price slump. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $63.84 a barrel, down from a high of $63.89 earlier, but up 11 cents from their last settlement. WTI hit $64.89 on Tuesday, also the highest since December 2014.

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