RUSSIAN GAS PRODUCTION: 637 BCM
PLATTS - Russia's gas production, including associated petroleum gas, is estimated at 637 Bcm in 2016, which would represent a marginal increase of 0.2% year on year, energy minister Alexander Novak said late Tuesday.
At the same time, gas exports from the country are estimated to have risen around 5% at 202.3 Bcm, Novak said. The figure includes LNG deliveries. The increase in exports was mainly supported by purchases of pipeline gas by European clients earlier this year.
Total Russian gas supplies to Western Europe and Turkey in the first nine months of the year rose 8.8% to 103.25 Bcm, on the back of strong Russian flows in the first quarter of 2016, when Russian oil-indexed contracts were relatively cheap following the oil price crash.
Coal output is expected to rise 3.2% year on year to 385.4 million mt, with exports increasing 5.8% to 165 million mt, Novak said.
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Saudi Arabia is considering delaying the international portion of the giant initial public offering of its state oil company until at least 2019, according to people familiar with the situation, who said a domestic share sale in Riyadh could still happen next year.
But we expect a rise in the sector's NPL ratio and muted credit demand in the second half of 2017 and 2018, reflecting the slowing economy. GDP growth slowed to 1.4% in 2016 from 3.4% in 2015 and we expect it to be below 1% in 2017 and 2018.
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