Insight
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9 Pages

Russia's domestic gas sales - towards a market price


Russia's domestic gas sales - towards a market price

Report summary

The establishment of a market price for domestic sales of gas in Russia is a key priority for the government. The aim is simple: give all producers the incentive to make a commercial return on their investment; ensure all buyers pay a fair price for the gas they consume. In short, let the market set the price point where supply meets demand.

We think the growth in natural gas trading on the St. Petersburg International Mercantile Exchange (SPIMEX) since October, 2014 heralds a new era for setting a market-based price for gas in Russia. We expect 35 bcm to be traded annually on this exchange by the end of 2017, representing 10% of the domestic market.

What's included?

This report includes 2 file(s)

  • Russia's domestic gas sales - towards a market price PDF - 546.93 KB 9 Pages, 0 Tables, 8 Figures
  • Russias domestic gas sales towards a market price.xls XLS - 564.50 KB

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research.

Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in upstream commercial data and analysis.

  • Executive summary
    • An introduction to Russian domestic gas prices
    • Gas price growth
    • The rise of the Independents
    • From the field to the burner tip
    • Export options
    • Towards a domestic market price

In this report there are 8 tables or charts, including:

  • Executive summary
    • Supply/demand balance
    • Regulated industrial gas price, July 2015 (RUB/mcm)
    • Regulated gas transport tariff and sales price, forecast Moscow market price
    • Company sales volumes
    • Company sales prices
    • SPIMEX hub-based trading model
    • SPIMEX volumes
    • Delivered price in Perm for gas purchased at Nadym Hub on SPIMEX
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