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W.Europe

W.Europe
2016, June, 24, 18:05:00

EUROPE'S GAS EQUILIBRIUM

BP’s energy outlook this year foresees a compound annual growth rate of gas demand at 1.8% until 2035. In the OECD, this growth results from the coal-to-gas transition in power generation. The US major ExxonMobil supports this view, forecasting gas will account for 30% of the power sector and will equal coal by 2040.

W.Europe
2016, June, 23, 18:30:00

THE BEST RUSSIAN PRICE

"We have such low production costs that we will always be able to cut the selling price by a dollar or two when it comes to fighting off a rival," said a senior source at Gazprom.

W.Europe
2016, June, 21, 21:05:00

GAZPROM & SHELL SWAP

Gazprom's Deputy Chief Executive Alexander Medvedev said the BG holdings could be included in an asset swap deal between Gazprom and Shell that was announced last year. He did not say what the BG holdings were or where they were located.

W.Europe
2016, June, 20, 18:10:00

UKRAINE NEED MONEY

Shipping 110bn m³/yr would cost Gazprom a quarter of the amount it would spend if it used Nord Stream, while booking capacity for 70bn m³/yr would still cost it only a third as much.

W.Europe
2016, June, 20, 18:05:00

LEVIATHAN'S DEVELOPMENT

According to a development plan approved this month by the energy ministry, Leviathan's three anchor customers for its phase 1 development are expected to be the domestic Israeli market, the Jordanian power company Nepco and the Egyptian consortium Dolphinus Holdings, which was supposed to purchase gas from Tamar last year in a deal that has not materialized.

W.Europe
2016, June, 19, 17:30:00

GAZPROM'S SEVEN REASONS

Gazprom's accumulated after-tax dividends will total USD 6.9 billion by 2045. Over the next 25 years, gas deliveries via Nord Stream 2 would be 2–2.7 times more economically efficient than the ones via Ukraine's GTS, which translates into USD 45–78 billion.

W.Europe
2016, June, 19, 17:25:00

GAZPROM: MARKET DECIDES

What determines dependence on Russian gas is what buyers buy, and the market decides that. Gas follows the price.

W.Europe
2016, June, 19, 17:20:00

GAZPROM WILL ELIMINATE

For us it is a principal issue. Gazprom has launched a programme to optimise expenses in the central corridor which now has free capacities which also cost us money. We will hence liquidate 4,300 km of pipes and close 62 compressor stations.

W.Europe
2016, June, 16, 18:00:00

IRAN GROWS FASTER

Iran is regaining market share at a faster pace than analysts had projected since sanctions were lifted in January, helped by securing more tankers through a temporary shipping insurance fix.

W.Europe
2016, June, 14, 18:10:00

NORWEGIAN OIL & GAS DOWN BY $50 BLN

Last year, Norway’s derived half of its oil and gas revenue from production taxes, 43% from the government’s direct ownership in oil and gas assets, and 7% from dividends paid by Statoil ASA, in which the government has a 67% stake.

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