"Gazprom" has risen thanks to the United States

20 June 2018, 14:28 | Economy
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The US trade war with China played into the hands of "Gazprom".

In the first half of 2018. the export of the Russian concern to non-CIS countries exceeded 93 billion cubic meters of gas, therefore, by the end of the month, it is realistic to expect a record - overcoming the 100-billionth bar. According to analysts, it's not just that the prices for Russian pipeline gas are lower than for US LNG. Tankers with "blue fuel" went and would go across the ocean, if not for the actions of the US administration. President Donald Trump on June 15 announced the introduction of a 25-percent duty on Chinese goods worth 50 billion dollars a year. In response, Beijing announced its intention to raise the duty on US energy resources by 25%. This means a rise in prices for Brent crude oil, as well as LNG. Consequently, LNG shipments to Asia will be more profitable for producers, and "Europe will remain the fiefdom of Gazprom," believes Dmitry Marinchenko, Director of Fitch Corporation.

"If as a result of trade wars China actually cuts oil imports and increases gas consumption, spot prices in Europe will at least remain above $ 250 per 1,000 cubic meters, and may continue to grow. At the same time, the premiumity of the Asian market will continue - most supplies from new American factories will go there, "- quotes the analyst" Vedomosti ". In other words, Europe will try to increase the consumption of Russian gas as a cheaper. "Gazprom" will receive not only expansion of sales volumes, but also profit from the price of fossil fuels, which will inevitably rise because of the US commercial war with China.

Based on materials: Ведомости



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