NEW GAZPROM'S RECORD
GAZPROM - The Gazprom Board of Directors took note of the information about the impacts of the events of 2017 on the long-term outlook for the global energy market.
It was highlighted that 2017 had been particularly successful for Russian gas exports. Last year, Gazprom exported a record 179.3 billion cubic meters of gas to Europe. The upward trend continued this year: as early as December 8, 2017, last year's record was beaten, with total exports reaching 179.8 billion cubic meters of gas.
2017 marked a recovery in China's gas consumption, which grew by 18 per cent in the first three quarters of the year thanks in large part to the rise in gas-fired power generation and the environmental benefits of natural gas over coal. Another of this year's important developments in this connection was the signing of the supplementary agreement between Gazprom and CNPC for Russian gas to be supplied to China via the Power of Siberia gas pipeline starting from December 20, 2019.
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FT - US shale oil companies have started to generate free cash thanks to the rise in crude prices, a landmark moment for an industry that has until now relied on an inflow of capital to support its growth.
WBG - Bank Group must strengthen its financial capacity to meet the aspirations of its shareholders, mobilize capital at scale, and respond to global development challenges.
IMF - we agreed on the need to accelerate structural reforms and access to finance in order to raise overall investment and medium-term growth rates to support job creation. The Fund, through its policy advice, can assist countries to design and implement growth-friendly fiscal adjustment, when needed, that responds to the country-specific sources of debt vulnerabilities while preserving needed investments in infrastructure, human capital, and other priority expenditures
IMF - Directors also agreed that the Fund should continue to address governance issues and corruption in surveillance when the applicable standard of the Integrated Surveillance Decision has been met.