Figure skating pairs competition excluded from schedule of 2017 Winter UniversiadeSport January 16, 20:34
DPR top diplomat blames Kiev for dodging discussion of Steinmeier formula implementationWorld January 16, 20:14
IMF maintains forecast for global economy growth in 2017 at 3.4%Business & Economy January 16, 19:45
Six more settlements join Syria ceasefire regime — Defense MinistryWorld January 16, 19:22
Foreign Ministry: Washington initiating new arms race in EuropeRussian Politics & Diplomacy January 16, 19:15
Diplomat says anti-terror efforts must not be hostage to political ambitionsRussian Politics & Diplomacy January 16, 19:08
Russian football team to use training camp abroad for 2017 FIFA Confederations CupSport January 16, 19:00
Russia's Nornickel to present social, economic projects at Arctic forumBusiness & Economy January 16, 18:51
IMF expects oil prices to grow by almost 20% in 2017Business & Economy January 16, 18:39
MOSCOW, December 22. /TASS/. The Russian Ministry of Energy expects a 5% growth of natural gas exports upon the results of 2015, Energy Minister Alexander Novak said in an interview published on Tuesday by Kommersant Daily.
In physical terms, the exports will go up to 190 billion cubic meters, he said.
"We also expect a growth of crude oil production," Novak went on, adding that Russian companies produced 526.7 mln tonnes in 2014 while the expected figure for this year was 533 mln tonnes.
"We’ve registered a certain fall of gas production, which stands at 633 bln cubic meters and is about 9 bcm lower than in 2014," he said. "Along with that, there’s been an increase of exports that are bound to go up to 190 bcm versus 181.2 bcm last year."
"The biggest factor behind the decrease [of output] is the shrinking domestic consumption, largely explained by climate, since even now in December the average temperature in Russia is 5.8 degrees Celsius higher than in 2014," Novak said.
His forecast points to an increase in the output and exports of electric power. "Production of electricity is expected to be bigger than in 2014 - 1,052 bln kWh versus 1,047 bln kWh, which means a 1% growth in spite of a warm winter," he said.
Novak said that, on the whole, the Russian energy sector showed encouraging performance in the outgoing year on the whole in spite of a complicated year that was marked by sanctions and volatile as well as low prices of oil.