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2016-06-27 18:25:00

RUSSIAN GAS UP

RUSSIAN GAS UP

 

GAS PRICES JUNE 2016

 

GAS PRICES 2015 - 2016

 

europe's gas pipelines map

According to NGERussian gas export monopoly Gazprom plans to export over 5bn m³ more to the European Union and Turkey this year than last, to reach a total 165bn m³, Alexander Medvedev, deputy chairman of the Gazprom board, told the international conference on 'Perspectives of Energy Cooperation Russia – European Union,' organized by the Russian Gas Society. 

In 2015 Gazprom increased gas exports to the region by 8% compared with 159.4bn m³ in 2014. The latest official statistics also indicate that Gazprom's gas exports experienced significant growth in the first four months of 2016. 

The Russian Federal Customs announced earlier that Gazprom sold 11.4% more gas, a total 66.2bn m³, during the first four months. The growth in deliveries came despite Turkey cutting Russian gas imports by more than a quarter in February and March, but it resumed the imports in April.

Gazprom CEO Alexei Miller said the main factor of the growth of exports to the far abroad was less production there. The Netherlands has lowered the production limit at the Groningen gas field, where output is flexible to meet demand.

Miller believes that Russian gas exports will continue to grow in this region. According to BP, Europe & Eurasia's gas production fell by 0.7% to 989.8bn m³ in 2015, year-on-year, though demand also fell by 0.3% to 1003.5bn m³. Gazprom plans to produce 452.5bn m³ in 2016, up from 418.5bn m³ last year.

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Earlier: 

EUROPE'S GAS EQUILIBRIUM 

THE BEST RUSSIAN GAS 

THE BEST RUSSIAN PRICE 

LITHUANIA VS GAZPROM: REJECTED 

GAZPROM & SHELL SWAP

 

 

 

Tags: RUSSIA, EUROPE, GAS, GAZPROM

Chronicle:

RUSSIAN GAS UP
2018, June, 18, 14:00:00

U.S. IS BETTER

IMF - Within the next few years, the U.S. economy is expected to enter its longest expansion in recorded history. The Tax Cuts and Jobs Act and the approved increase in spending are providing a significant boost to the economy. We forecast growth of close to 3 percent this year but falling from that level over the medium-term. In my discussions with Secretary Mnuchin he was clear that he regards our medium-term outlook as too pessimistic. Frankly, I hope he is right. That would be good for both the U.S. and the world economy.

RUSSIAN GAS UP
2018, June, 18, 13:55:00

U.S. ECONOMY UP

IMF - The near-term outlook for the U.S. economy is one of strong growth and job creation. Unemployment is already near levels not seen since the late 1960s and growth is set to accelerate, aided by a near-term fiscal stimulus, a welcome recovery of private investment, and supportive financial conditions. These positive outturns have supported, and been reinforced by, a favorable external environment with a broad-based pick up in global activity. Next year, the U.S. economy is expected to mark the longest expansion in its recorded history. The balance of evidence suggests that the U.S. economy is beyond full employment.

RUSSIAN GAS UP
2018, June, 18, 13:50:00

U.S. INDUSTRIAL PRODUCTION DOWN 0.1%

U.S. FRB - Industrial production edged down 0.1 percent in May after rising 0.9 percent in April. Manufacturing production fell 0.7 percent in May, largely because truck assemblies were disrupted by a major fire at a parts supplier. Excluding motor vehicles and parts, factory output moved down 0.2 percent. The index for mining rose 1.8 percent, its fourth consecutive month of growth; the output of utilities moved up 1.1 percent. At 107.3 percent of its 2012 average, total industrial production was 3.5 percent higher in May than it was a year earlier. Capacity utilization for the industrial sector decreased 0.2 percentage point in May to 77.9 percent, a rate that is 1.9 percentage points below its long-run (1972–2017) average.

RUSSIAN GAS UP
2018, June, 18, 13:45:00

SOUTH AFRICA: NO BENEFITS

IMF - South Africa’s potential is significant, yet growth over the past five years has not benefitted from the global recovery. The economy is globally positioned, sophisticated, and diversified, and several sectors—agribusiness, mining, manufacturing, and services—have capacity for expansion. Combined with strong institutions and a young workforce, opportunities are vast. However, several constraints have held growth back. Policy uncertainty and a regulatory environment not conducive to private investment have resulted in GDP growth rates that have not kept up with those of population growth, reducing income per capita, and hurting disproportionately the poor.

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