2019-12-25 14:15:00
GAZPROM: GLOBAL ENERGY MARKET UP
GAZPROM - December 24, 2019 - The Gazprom Board of Directors took note of the information concerning the impacts of the events of 2019 on the long-term outlook for the global energy market.
It was highlighted that the ongoing global growth in natural gas consumption is one of the chief trends of 2019.
China continues to demonstrate significant growth. In 2018, the country's gas consumption went up by 18 per cent. By the end of 2019, gas consumption in China may rise by 10 per cent, considerably exceeding 300 billion cubic meters. It was noted at the meeting that the launch of the Power of Siberia gas pipeline, which took place on December 2, allows the Company to provide reliable gas supplies from Russia to China and strengthens Gazprom's positions in this promising gas market.
In Europe, indigenous gas production decreased at an accelerated pace throughout 2019. It was stressed that Gazprom is a leading supplier of gas to Europe, covering over a third of the region's demand and capable of taking further steps to enhance energy security in European countries.
The meeting participants pointed out that the events of 2019 had no tangible impact on the long-term outlook for the global energy market. Gazprom's positions will remain stable in the long run thanks to, inter alia, enormous gas reserves, well-developed production and transmission infrastructure, and the ongoing effort to diversify export areas and routes.
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Earlier:
2019, December, 23, 13:40:00
GAZPROM THROUGH UKRAINE: 65 BLN M3
"The organizing company [Naftogaz] will reserve transport capacities for five years in the amount of 225 Bcm, including 65 Bcm for 2020, 40 Bcm for 2021 and subsequent years, subject to the establishment of a competitive tariff," Miller told reporters.
2019, December, 23, 13:25:00
NORD STREAM 2 WILL BE COMPLETED: 2020
Switzerland’s AllSeas Group SA removed vessels that were laying the last section of the pipeline connecting Russia with Germany, which was just weeks away from completion, after U.S. President Donald Trump approved sanctions targeting the project.
2019, December, 20, 10:35:00
RUSSIA'S GAS FOR EUROPE "IN PRINCIPLE"
After hours of talks brokered by the European Commission in Berlin, Sefcovic said: "I am very glad to say we have reached agreement in principle on all key elements, which is very positive news for Europe, for Russia, for Ukraine and for the gas market."
2019, December, 16, 13:20:00
GERMANY'S CARBON PRICE UP TO €25
The government sources said the carbon price would now increase annually, hitting 55 euros in 2025.
2019, December, 13, 10:55:00
GAZPROM'S INVESTMENT 2020: RUB 1,104.7 BLN
Gazprom's overall amount of investments for 2020: RUB 1,104.7 billion.
Gazprom's borrowings for 2020: RUB 557.8 billion.
Final investment program and budget to be approved by Gazprom Board of Directors.
2019, December, 13, 10:45:00
CHINA'S GAS CONSUMPTION UP TO 320 BCM
Gas consumption this year is seen exceeding 300 bcm, up 9% from 2018, Jiang Xuefeng, vice chairman at CNPC’s Economics and Technology Research Institute (ETRI), said at a briefing in Beijing on Thursday.
2019, December, 6, 13:50:00
RUSSIA'S GAS FOR EUROPE
Moscow says it does not want a “gas war” with Ukraine like the one in 2009 which led to supply disruptions in many European countries before the current agreement was signed.
