<The Loglet Analysis The Oil Drum DrumBeat: September 8, 2006>

39 comments on Russian Gas Supplies next winter for Europe ?

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macrus on September 8, 2006 - 1:35am Permalink | Subthread | Parent | Comments top
Where do you want your Russian gas priced oilmanbob?  Novatek, an independent Russian gas producer averaged $25.6/mcm at the wellhead in Siberia.  The Moscow regulated price is around $37/mcm (if the Ruble will stop appreciating).  Non-regulated demand in European Russia is around RUR2,100 - RUR1,600/mcm ($79-$60) if you can access to the pipeline.  Gas to Ukraine is around $110/mcm and long-term contracts to the UK are around $240/mcm.

Which is not exactly comparing apples-with-apples as there is a significant transportation tarriff involved.  For example where Novatek was able to sell directly to the end-user it was averaging $42/mcm.  

The official transport rate being approximately $1/mcm/100km.

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oilmanbob on September 8, 2006 - 12:40pm Permalink | Subthread | Parent | Comments top
   It's easy to tell the pipelines are getting rich at that kind of a transport rate, while both the producers and consumers are battling over hind teat. Where do they store gas, or is excess capacity shut-in? I'm curious how their system stacks up against the US storage and delivery system. I know there was a lot of flaring until recently. Are they reinjecting much gas?
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39 comments on Russian Gas Supplies next winter for Europe ?

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