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2014-09-22 18:05:00

US HIT GAZPROM

US HIT GAZPROM

Russia's Gazprom could lose 18 per cent of its revenues as a result of competition from US liquefied natural gas exports, according to a New York-based think-tank.

European consumers can expect to pay 11 per cent less for their gas as a result of the downward pressure on world prices created by rising US LNG exports, hitting revenues of the Russian state-controlled gas group, according to an analysis published on Monday by the Center for Global Energy Policy at Columbia university.

However, while the loss would be significant for Gazprom, the impact on Russia's total export revenues would be more modest, suggesting…

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Tags: US, GAZPROM, GAS, RUSSIA, LNG, EU
Chronicle:
US HIT GAZPROM
2019, August, 23, 10:50:00
ROSNEFT SALES VENEZUELA'S OIL
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2019, August, 23, 10:45:00
ROSNEFT SWITCH TO EURO
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2019, August, 23, 10:40:00
ROSNEFT IN MOZAMBIQUE
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2019, August, 23, 10:35:00
ADNOC CONTRACTS $3.6 BLN
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2019, August, 23, 10:30:00
THE NEW CANADA'S LNG
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2019, August, 23, 10:25:00
U.S. WANT VIETNAM OIL AND GAS
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2019, August, 21, 12:35:00
OIL PRICE: ABOVE $60
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