“Gazprom” in the first five months of 2016 was able to maintain and increase supplies of gas to Europe, displacing producers of liquefied natural gas (LNG). About it writes on Wednesday, June 15, “Kommersant”.
In January-may the share of “Gazprom” (33 percent) declined only in Lithuania, which increased its LNG imports by 3.3 times. At the same time due to cheap oil “Gazprom” has increased gas deliveries on contracts tied to the price of oil.
In particular, the Netherlands compared to the same period last year increased its purchases of Russian gas by more than 100 percent to offset a production decline at its largest field in Groningen. Another country which has significantly reduced its purchases of LNG in favor of Russian gas, was in Greece (plus 85%). A third (35 percent) have increased the import of Russian gas to France.
This liquefied natural gas from the United States, which was supposed to oust from the European market, Russian gas has been uncompetitive because of the situation in the commodities market. From the beginning the only LNG tanker from the New world arrived in Portugal, where Russian gas is never delivered.
On 1 June the head of “Gazprom” Alexei Miller said that the company increased the export of gas to the UK in January-may 2016 91.5 percent to 3.85 billion cubic meters, compared with the same period of 2015. In General, the first five months of this year, gas supplies to non-CIS countries grew by 16.2 percent, or 10 billion cubic meters to billion cubic meters 71,53.
According to Miller, in addition to the UK, good growth in consumption of Russian gas demonstrate many European countries. For example, Poland increased its consumption at 35.6 percent, Germany 10.4 France 35, Austria — 21.3, Greece by 85.8, Holland — on 103,8, Denmark — to 139.3 percent. Britain thus leading to increase in absolute numbers.
11 may it was reported that “Gazprom” experiences difficulties with the implementation of the investment program in 2016 due to the fact that the profitability of exports is almost equal to the supply of the domestic market. “Gazprom is performing the functions of a guaranteeing supplier, increasingly selling gas at a loss”, — said the Deputy Chairman of the Board of the company Valery Golubev.
