GAZPROM WILL UP
Russian natural gas producer Gazprom expects a slight increase in its output this year, Gazprom board member Vsevolod Cherepanov told a meeting with investors on Monday.
Gazprom has been suffering from lower global oil prices, which are the benchmark for its gas pricing mechanism, as well as from the rising power of domestic rivals such as Rosneft and Novatek.
Cherepanov gave no estimate for the company's output this year at an investor conference in New York. In 2015, Gazprom produced 418.5 billion cubic metres of natural gas, its data showed last weekend, which was an all-time low.
Last year, Gazprom held investor conferences in Hong Kong and Singapore but the New York meeting marked a return to one of its more usual venues and it will be holding another investor meeting in London later this week.
Europe remains Gazprom's main source of revenue, generating more than 60 percent of its sales. But it faces a more difficult environment in Europe as Russian gas sales have become heavily politicised since Moscow's standoff with the West over Ukraine.
Gazprom deputy head Alexander Medvedev told investors on Monday that he hoped an antitrust investigation launched by the European Commission would be settled amicably.
He said Gazprom had made several "significant" proposals to the European Commission to "dispel" its concerns.
"We are in constructive dialogue on this issue. We hope this issue will be settled," Medvedev said.
Medvedev also downplayed an expected influx of liquefied natural gas to Europe from the United States, saying Gazprom's gas would be cheaper.
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WNA - Apart from adding capacity, utilisation of existing plants has improved markedly since 2000. In the 1990s capacity factors averaged around 60%, but they have steadily improved since and in 2010, 2011 and 2014 were above 81%. Balakovo was the best plant in 2011 with 92.5%, and again in 2014 with 85.1%.
WNA - India has a flourishing and largely indigenous nuclear power programme and expects to have 14.6 GWe nuclear capacity on line by 2024 and 63 GWe by 2032. It aims to supply 25% of electricity from nuclear power by 2050.
WNA - Mainland China has 38 nuclear power reactors in operation, about 20 under construction, and more about to start construction. The reactors under construction include some of the world's most advanced, to give a 70% increase of nuclear capacity to 58 GWe by 2020-21. Plans are for up to 150 GWe by 2030, and much more by 2050.
PLATTS - "The domestic uranium mining industry needs US government assistance to survive the foreign onslaught -- particularly from Russia and Kazakhstan -- that has undermined the US uranium industry while new players -- particularly China -- will soon make the situation worse," Energy Fuels and Ur-Energy said in a petition they jointly filed with the department.