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The stocks of Russian oil and gas proved to be more resilient
... last few years have brought numerous challenges for global oil and gas companies. However, Russian representatives in the sector have managed to navigate this period commendably. In a recently published report by Boston Consulting Group (BCG), Lukoil, Gazprom, Tatneft, Novatek, and Surgutneftegas were among the top ten companies delivering the highest returns to shareholders, with Finnish company Neste leading the pack.
At the same time, S&P's ratings have revised the investment outlooks for major ...
An expert assessed the impact of increased gas supplies to Europe on the growth of industry revenue
... key factor was the increase in gas supplies to Europe, which ultimately led to an increase in gas production," he noted.
Referring to data from the European Network of Transmission System Operators for Gas (ENTSOG), the expert clarified that Gazprom's average daily exports to the European Union (EU) in the first eight months of 2024 grew by 35% year-on-year, reaching 97 million cubic meters per day compared to 72 million cubic meters per day in January–August 2023.
This figure includes ...
Economy: Experts Predict Gas Price Increase in Europe
... and Mexico will increase from 320 million cubic meters per day at the end of 2024 to 680 million cubic meters per day at the end of 2028. As a result, LNG imports will become more accessible to EU countries," Tereshkin speculated.
In October, Gazprom CEO Alexey Miller stated that Europe's gas market policy could lead to a new price shock and supply disruptions. He described the situation in the European gas market as poor and agreed with the assessment that demand for the energy resource is ...
The share of oil and gas revenues in the 2024 budget is growing beyond the planned levels.
... attributed to a tax reform in 2025, including an increase in corporate profit tax from 20% to 25%. While this will bring additional revenue, it also imposes a higher tax burden on oil and gas companies. Additionally, the phaseout of a surcharge on MET for Gazprom and risks of lower oil prices may further reduce revenues.
Despite these trends, MET will remain a key component of oil and gas revenues, with OPEC+ agreements expected to allow Russia to increase oil production in the coming years. However,...
The budget is in the black. What ensured the increase in oil and gas revenues?
... 7% over the first seven months of 2024, amounting to an absolute growth of 66 billion rubles. This was partly due to the stabilization of gas exports to Europe.
According to the European Network of Transmission System Operators for Gas (ENTSOG), Gazprom's supplies to the EU (including transit deliveries to Serbia and North Macedonia) averaged 97 million cubic meters per day in Q1 2024 and 96 million cubic meters per day in Q2. For comparison, the same figures for the first two quarters of 2023 ...