Russia and Iran are against any energy project across the Caspian Sea. Some Russian experts even don’t exclude military invasion to Turkmenistan if this country will agree with Trans-Caspian pipeline. How would you comment on situation and do you believe in this project? In my opinion a Trans-Caspian pipeline has no chance to be realized as long as the resistance of Russia and Iran cannot be overcome. I do not feel competent to speculate about Iran’s motives and rational on that issue. However, Russia is neither interested in giving Turkmenistan another export option for its natural gas because Russia relies on imports of Turkmen gas for its own gas balance; nor does it want to give the Nabucco project a leg up by placing Turkmenistan in the position to become a potential gas supplier for it. The Nabucco pipeline project would be competing with Russia’s own South stream pipeline for European markets. F.H. News.Az Gas in Russia More Costly Than in U.S. 30 November 2011 Bloomberg Industrial users in Russia, the world's biggest natural gas producer, are paying more for the fuel than U.S. consumers as Prime Minister 's government raises prices to improve Gazprom's profitability. Russian industrial will pay about $2.84 per million British thermal units for gas this year, according to Bloomberg calculations based on Gazprom data. That compares with $2.83 per million Btu for the next-day contract at Henry Hub in Louisiana, the U.S. benchmark. Russia, which sits on the world's biggest gas reserves, is gradually increasing domestic rates to match oil-linked prices in Europe, Gazprom's biggest market by revenue. The domestic market is the producer's largest by volume. U.S. prices fell 26 percent over the past year as increased production from shale deposits boosted supply. "It like the end of an era where cheap gas was a foundation of the old system," said Kingsmill Bond, an analyst for Citigroup in Moscow. "The domestic price is now arguably artificially high not artificially low, and that will surely over time put more pressure on Gazprom to be run more effectively." Natural gas prices for Russian industrial users will average $107 per thousand cubic meters next year, Gazprom chief executive said Nov. 25. That's about $3 per million Btu.
Russia and Iran are against any energy project across the Caspian Sea. Some Russian experts even don’t exclude military invasion to Turkmenistan if this country will agree with Trans-Caspian pipeline. How would you comment on situation and do you believe in this project? In my opinion a Trans-Caspian pipeline has no chance to be realized as long as the resistance of Russia and Iran cannot be overcome. I do not feel competent to speculate about Iran’s motives and rational on that issue. However, Russia is neither interested in giving Turkmenistan another export option for its natural gas because Russia relies on imports of Turkmen gas for its own gas balance; nor does it want to give the Nabucco project a leg up by placing Turkmenistan in the position to become a potential gas supplier for it. The Nabucco pipeline project would be competing with Russia’s own South stream pipeline for European markets. F.H. News.Az Gas in Russia More Costly Than in U.S. 30 November 2011 Bloomberg Industrial users in Russia, the world's biggest natural gas producer, are paying more for the fuel than U.S. consumers as Prime Minister 's government raises prices to improve Gazprom's profitability. Russian industrial will pay about $2.84 per million British thermal units for gas this year, according to Bloomberg calculations based on Gazprom data. That compares with $2.83 per million Btu for the next-day contract at Henry Hub in Louisiana, the U.S. benchmark. Russia, which sits on the world's biggest gas reserves, is gradually increasing domestic rates to match oil-linked prices in Europe, Gazprom's biggest market by revenue. The domestic market is the producer's largest by volume. U.S. prices fell 26 percent over the past year as increased production from shale deposits boosted supply. "It like the end of an era where cheap gas was a foundation of the old system," said Kingsmill Bond, an analyst for Citigroup in Moscow. "The domestic price is now arguably artificially high not artificially low, and that will surely over time put more pressure on Gazprom to be run more effectively." Natural gas prices for Russian industrial users will average $107 per thousand cubic meters next year, Gazprom chief executive said Nov. 25. That's about $3 per million Btu.
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