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2016-05-10 18:10:00

RUSSIA NEEDS EUROPE

RUSSIA NEEDS EUROPE

Gastech News spoke with Mark Simons, Director Europe Gas Marketing at BG Group about his views on Europe's gas dynamics, security of supply and the role of gas post COP 21.

Gastech News: What are the key issues affecting gas companies today?

Mark Simons: The biggest issue affecting gas companies within the European gas industry is low prices, because low prices mean less revenue and less profit. To add to that, in Europe, the competition for gas from coal and renewables means that demand is down…

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Tags: RUSSIA, EUROPE, GAS, LNG
Chronicle:
RUSSIA NEEDS EUROPE
2019, June, 25, 13:10:00
OIL PRICE: NEAR $64 ANEW
Brent crude futures were down 12 cents at $64.74, U.S. crude futures were up 3 cents at $57.93 a barrel.
RUSSIA NEEDS EUROPE
2019, June, 25, 13:00:00
US, IRAN SANCTIONS ANEW
the United States had never targeted an Iranian head of state before and that was a sign Trump was getting personal.
RUSSIA NEEDS EUROPE
2019, June, 25, 12:55:00
US CAN CLOSE HORMUZ
U.S. President Donald Trump said on Monday that other countries, including China and Japan, should protect their own oil tankers in the Middle East.
RUSSIA NEEDS EUROPE
2019, June, 25, 12:50:00
U.S. FINANCIAL RISKS UP
In addition, a number of medium-term risks are growing. The financial system appears healthy but vulnerabilities in leveraged corporates and, potentially, in the nonbank system are elevated by historical standards. An abrupt reversal of the recent supportive financial market conditions or a deepening of ongoing trade disputes represent material risks to the U.S. economy, with concomitant negative outward spillovers. The U.S. public debt-to-GDP ratio is on an unsustainable path and is expected to continue rising throughout the medium-term, as aging related spending rises.
RUSSIA NEEDS EUROPE
2019, June, 25, 12:45:00
GAS DEMAND WILL UP 46%
Dr. Sentyurin also highlighted that - according to the Forum’s projections - by 2040, the demand for natural gas is expected to increase at an annual average pace of 1.7%, corresponding to overall growth of 46%. Most of this demand growth will come from the Asia-Pacific region, with Europe continuing to be an attractive market for many gas producers.
RUSSIA NEEDS EUROPE
2019, June, 25, 12:35:00
CHINA, BRITAIN NUCLEAR TECHNOLOGIES
UK-based research and development company Innovative Physics Ltd (IPL) and China Environmental Protection Company Ltd (CEPC) have signed an agreement on technologies and skills to further improve the safety of nuclear power plants in China and overseas.
RUSSIA NEEDS EUROPE
2019, June, 24, 12:30:00
OIL PRICE: NEAR $65 YET
Brent crude futures rose 0.7% to $65.66 per barrel, near Friday’s three-week high of $65.76, while U.S. crude futures were up 1.1% at $58.07, standing at its highest in over three weeks.
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