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Oil And Gas Forum
April 19, 2016 18:29


Without stand-by capacities in gas production and transportation its market (stock exchange) value will be several times higher than regulated prices. This was reported by the Deputy Chairman of “Gazprom” Valery Golubev during the oil and gas forum, according to Rambler News Service.

More than 80 percent of peak gas consumption in the country in winter belongs to “Gazprom” that creates reserves for transport and production capacities needed to cope with the maximum loads, as he stated. At the same time the top manager noted that in summer the supplies of energy carriers by the holding are reduced by 24 percent, as opposed to contracts of independent producers who cannot afford to maintain the volumes of supply and not to cover peaks during the year. Golubev is sure that if “Gazprom” does not cover the winter peaks from its own resources, the stock exchange price determining the market price of gas will be sky-high, including because of its scarcity.

According to the Federal Antimonopoly Service (FAS), the Russian monopoly tariffs in 2017 should be indexed by no more than two percent, and in the case of gas market liberalization - at the inflation level, as the Head of the Service Igor Artemyev said on April 19. “If “Gazprom” <..> is prepared for the liberalization of the domestic gas market well enough, the rate may be considerably higher than we now think” – TASS quotes the words of Igor Artemyev.


Author: Anna Dorozhkina

Tags: Russian oil and gas industry     

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