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Posts : 18379
Join date : 2015-05-20
Location : United States

Russian analysts caught "Gazprom" in the manipulation of gas production

on Thu Jul 09, 2015 1:37 am
The Russian monopoly "Gazprom" produces less natural gas and hides accurate information about its production.

Reported with reference to the analytical review of the company's Sberbank CIB's market of oil and gas in Russia.

"CDU TEK (Central Dispatch Administration of Fuel and Energy Complex. - Ed.), And" Gazprom "keep us in the dark, the third month in a row, resulting in data mining" Gazprom "in the blurred line" other manufacturers ", - said in the review.

According to experts of the company, in June "Gazprom" has reduced natural gas production by 19% compared to June of last year, while the decline for the entire first half of the year is 13%.

However, Sberbank CIB analysts have concluded that the demand for gas in the domestic market continued to decline following the collapse of indicators of economic development of Russia in the second quarter.

The company also pointed to the fact that Ukraine is consistently reducing its dependence on Russian gas - when in 2010 its total volume was 36.4 billion cubic meters in the first half of 2015 decreased to 3.7 billion cubic meters. In addition, Kiev generally stopped importing gas from Russia recently.

"Unrealistic plans for production of" Gazprom "are based on expectations of growth in gas imports Europe in the second half of 2015. The Russian company is expected to slow domestic production in the EU, and the need to fill the underground storage facilities in Europe", - stated in the review of the bank.
"Gazprom" hopes that these factors will increase gas exports in the current year to 155 billion cubic meters (147 billion cubic meters in 2014).

However, in June underground gas storage in the EU 28 were filled at 47% with a normal level of 65-70%. At the same time, Europe's largest gas storage Ukrainian filled only 39%.

As reported by the "Observer", in July , "Gazprom" suddenly halted the expansion of the gas pipeline system, "Southern Corridor" , which was supposed to pump gas for "the Turkish stream," which is expected to reduce the dependence of suppliers and buyers of Russian gas from the transit countries, in particular from Ukraine. In Russian

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