Russian Export of Natural Gas to non-CIS to Decrease in 2016

Export of natural gas to non-CIS countries from Russia is expected to decrease by 0.8% year-on-year to 184 billion cubic meters in 2016, due to EU’s intention to decrease its dependence on gas from Russia. For 2016, the gas deliveries to Ukraine from Russia is estimated to be only around 11 billion cubic meters due to its current relations with Ukraine. According to government figures, the export of natural gas for 2017 is estimated to be 189.9 billion cubic meters and 191.4 billion cubic meters for 2018 and 2019. The conservative case provides for natural gas export of 184 billion cubic meters in 2016, 188.7 billion cubic meters in 2017, and 190 billion cubic meters in 2018. The average contracted gas prices for non-CIS countries will be $159.2 per 1,000 cubic meters in 2016, $167.2 per 1,000 cubic meters in 2017, $159.1 per 1,000 cubic meters in 2018, and $174.8 per 1,000 cubic meters in 2019.

Read Full News At: http://www.researz.com/russian-export-natural-gas-non-cis-decrease-2016

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s