OPEC assumes that prices will rise to average $80 a barrel in nominal terms in 2020, and $70.70 in real terms. Last year it had anticipated nominal prices of $110 and real levels of $95.40. That means the value of the group’s output in 2020 would be $218 billion less than estimated a year ago, when it first embarked on the policy to protect market share.
Global energy demand is set to increase by almost 50% in the period to 2040, with the overall energy mix continuing to be led by fossil fuels at almost 78%
In 2015, Gazprom increased market share in Europe and Turkey by one percentage point, from 30.2% to 31.2%,
Russian Economy Minister Alexei Ulyukayev put it more bluntly, telling reporters in Brussels that blocking Nord Stream-2 would be "a shot in the foot" especially for Gazprom's European clients.
Since March 2014, Iran has increased its gas output by 200 million cubic meters per day. The managing director of the National Iranian Oil Company has said that by boosting 100 million cubic meters per day of gas in the current year, Iran is ready to outpace Qatar, because seven phases of the South Pars will come on stream this year.
The $2.5 billion East-West pipeline connects Galkynysh and other fields in the east of the country to its Caspian coast, from where a proposed Trans-Caspian link could deliver gas to Azerbaijan and then to Europe.
Shell has already taken action to cut costs and reduce spending this year by $12 billion, but Tuesday’s announcement of a $33 billion target for next year is $2 billion below the company’s previous guidance.
“You also need a low cost structure and a strong balance sheet for a strong credit rating with good access to the debt markets,” Lance said. “A company like ours also needs to be able to react quickly to developments.”
Сейчас очень много неопределенности по цене. Поэтому нет смысла оперативно реагировать на текущую конъюнктуру, надо понимать, насколько долго эта цена будет держаться. Я считаю, что средние по году $50 за баррель - это цена, которая может отражать баланс спроса и предложения. Она может быть чуть ниже и чуть выше, условно говоря, колебания могут быть между $40-50 и между $50-60.
Rhetoric and geopolitical ambitions can be self-defeating in that respect, as the natural gas sector tends to be dominated by grandiose infrastructure projects and ambitious themes that may not come to fruition.