Commodity Market Report
Global gas markets long-term supply outlook - Russian Federation - H2 2017
Report summary
In 2017, Russia broke its export record yet again, supplying almost 190 bcm to Europe, a 12% increase on 2016 exports. This represented a 37% share of the European gas market. Russian piped exports to Europe and Turkey will remain in the 160-180 bcm range over the next 5 years as Gazprom looks to pursue market share and maintain more than 30% share of the European market. Pipeline supplies to China will start by end-2019 and ramp-up through the early 2020s reducing Gazprom’s exposure to the European market.
Table of contents
- Executive summary
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Supply
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Russia West
- Independent producers reduce Gazprom's share of the supply mix
- Russia East
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Russia West
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Costs
- Russia is developing new, more cost-efficient supply routes to Europe
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Trade
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Recent Trends
- European exports hit record in 2017
- Flexible Russian supply balances the European market in the long-term, pipe exports to Asia are engine of growth
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Recent Trends
Tables and charts
This report includes 8 images and tables including:
- Russia West production potential*
- Russia East production potential*
- Russia pipe cost to Germany via NordStream vs. Ukraine transit
- Russia pipe cost to Baumgartern via Nordstream vs. Ukraine transit
- Total imports into Europe by destination
- Pipe imports into Europe
- Export outlook v. export potential
- Export supply mix
What's included
This report contains:
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