Militants launch shell on exhibition complex near Damascus - televisionWorld August 20, 15:27
Cardinal Parolin: Dialogue of Roman Catholic and Orthodox Churches to help them feel unitySociety & Culture August 20, 8:27
Polina Dibrova, mother of three, wins Mrs. Russia 2017 beauty pageantSociety & Culture August 20, 4:41
Russian emergencies ministry plane returns from firefighting mission in ArmeniaWorld August 20, 4:39
East Ukraine conflict claimed nearly 3,000 civilian lives — ICRCWorld August 20, 1:56
Renowned Russian filmmaker Andrei Konchalovsky turns 80Society & Culture August 20, 0:48
One of seven injured in Surgut stabbing spree in critical condition — authoritiesSociety & Culture August 19, 23:51
Netanyahu expects to meet with Putin in Sochi on August 23 — Israeli premier’s officeRussian Politics & Diplomacy August 19, 22:47
Surgut attacker is identified as a local resident - investigationSociety & Culture August 19, 14:09
The diversification of gas supplies to Europe will contribute to the gas market saturation in the mid-term and lead to a gradual decrease of gas prices relative to oil prices, the representative said.
The ministry could also take into account discounts, which Gazprom may provide in the future, as some European companies are insisting on revision of contract prices, East European Gas Analysis Director Mikhail Korchemkin said. By binding gas prices to spot ones Gazprom will reduce risks of a fall in oil prices in the mid-term, Korchemkin said, attributing the fall to higher oil supply from the US, Iran, and Iraq, and completion of mind monetary policy cycles in some key countries.
However, the ministry’s gas price forecast may look too pessimistic, Deputy Director of the National Energy Security Fund Alexei Grivach said, the daily reported. Gazprom is already selling gas under long-term contracts with large discounts relative to oil prices, and moreover, Europe cannot receive gas from alternative sources at lower prices, he said. The company’s gas prices will remain within a $350-$400 range, Grivach estimated.