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Gazprom chairman says gas will follow oil in global energy balance by 2040

Prices for oil and gas are still very volatile, the businessman noted

© Dmitriy Rogulin/ITAR-TASS

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Putin notes Russia's economy has adjusted to current energy prices

VIENNA, January 24. /TASS/. Gas will surpass coal in the global energy balance by 2030 and be second after oil by 2040, Gazprom board chairman Viktor Zubkov said Tuesday.

"The GECF [Gas Exporting Countries Forum - TASS] countries have obtained outlook consensus, which was published on January 17. The base case scenario implies that by 2030 gas will overhaul coal in the energy balance, and by 2040 it will firmly take the second spot after oil," he said.

According to Zubkov, prices for oil and gas are still very volatile. "Moderate and predictable prices can only meet long-term interests," he said, adding that "the decline of gas prices has taken two years, by contrast with oil."

Targets for 2017

Gazprom is going to beat the targets set in its budget for 2017, including the average price of gas exports, Deputy CEO Alexander Medvedev told reporters.

"We used the figures of the Economic Development Ministry when we prepared our investment program. What we eventually get - we will see by the results of the revision. As a rule the figures are bigger. I am confident that this year the forecast budget will be exceeded and all the project will be carried out," he said when asked about the average export price of oil for this year.

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Gazprom expects competition from US on gas market in future

Earlier Gazprom said that the company expects positive trends with regard to the average price of gas exports to Europe in 2017. The company’s optimism was explained by the situation with oil prices.

Gazprom’s 2016 budget envisaged average gas price at $199 per 1,000 cubic meters. The crisis scenario provided for the price of $151 per 1,000 cubic meters.

In May 2016m, Alexander Medvedev said that the company was guided by the price in the range between $167-171 per 1,000 cubic meters.

In 2015, the average price was $234 per 1,000 cubic meters.

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Oil & Gas Gazprom

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Moscow hopes West will thoroughly analyze Russia's nuclear doctrine — ambassador

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China slams US nuclear policy for undermining global stability

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Russian air defense deflects attacks with Western missiles — Putin

"As a result, the goals that the enemy apparently set have not been achieved," the Russian leader said

US strategic forces ready for Biden-Trump transition — Pentagon

"The nuclear forces is ready on January 19, just like it will be ready on January, 20," Rear Admiral Thomas Buchanan said

US missile defense base in Poland long among Russian army’s targets — Foreign Ministry

Maria Zakharova stated that the US-NATO construction project, ongoing for nearly a decade with complete disregard to Russian security concerns, has consistently been a focus of Russia's attention

Ukrainian special services assemble unit for sabotage attacks in Kupyansk — official

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Russian army pushes Ukraine out of Kurakhovo water reservoir’s north shore

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Igor Kimakovsky said that "if the West is not physically involved in this war, that is, if NATO is not involved, then Ukraine is actually losing"

NATO supports Ukraine not out of charity but for its own strategic interests — deputy head

Boris Ruge argued that NATO now has hundreds of thousands of troops that could be deployed to the alliance's eastern flank or elsewhere within ten days

Official declines to say if US gives Ukraine targeting data for Storm Shadow missiles

US State Department Spokesman Matthew Miller also declined to discuss the presumed first strike on Russia with the missiles

US, NATO decision on strikes continues policy of escalation — Putin

"Experts are well aware - and the Russian side has repeatedly underscored this - that it is impossible to use these weapons without direct participation of military specialists from the countries that produce these weapons," the president said

Decision on strikes inside Russia seals US puppet Zelensky’s fate — commentator

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Moscow-Washington hotline not in use now — Kremlin spokesman

Dmitry Peskov added that there have been no contacts via this new channel lately

Enemy has no countermeasures for Russia’s Oreshnik missile — Putin

Speaking in a televised address, the head of state assured that Russia will issue notifications before using this type of missile

Russian troops advance in areas north, south of Velikaya Novoselka in DPR — official

Earlier, Vladimir Rogov stated that a successful offensive by the Russian Armed Forces north of Velikaya Novoselka could allow them to encircle the settlement

Ex-UK Labor party leader wants PM to clarify situation with Storm Shadow missiles

Jeremy Corbyn called for de-escalation of the situationin Ukraine and the search for a diplomatic solution to achieve peace

Russian forces push Ukrainian troops 10 km away from Lisichansk in LPR — expert

Russian troops have taken new lines and positions northwest of Zolotaryoka as a result of successful operations

Russia fires ballistic, non-nuclear-tipped missile at Ukrainian aerospace plant — Putin

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Media from unfriendly states will be admitted to Putin's annual press conference — Kremlin

The last Direct Line Q&A session and year-end press conference was held on December 14, 2023

Putin confirms Russia’s readiness to assist CAR with security challenges

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Captives, Ukrainian losses: situation in Kursk Region

Over the day, the enemy lost more than 150 people, while five Ukrainian servicemen surrendered

Ex-German chancellor never expected Russia to tolerate Ukraine’s NATO membership — memoir

Angela Merkel added that another fallacy was the belief that the status "would act as a deterrent," and that Moscow "would accept these developments without taking action"

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Russia to address NATO’s engagement in strikes deep inside country — SVR

Sergey Naryshkin observed that the military and political elites in the West are increasingly recognizing the gravity of Russia's intentions and the need for greater caution in their actions

Russia to use revenues from frozen assets of Western investors — Finance Minister

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Residents of Kupyansk, Kovsharovka in Kharkov Region returning to their homes

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According to Daniel Davis authorizing US long-range weapons to be used against Russia is "foolhardy to the highest order," "especially because there is no military upside for doing so"

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Biden's decision to use ATACMS on Russia threatens to kill Americans — Tucker Carlson

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Trump may soon start talks with Russia following Biden’s decision on ATACMS — news agency

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Russia’s reaction to Austrian OMV’s failure to pay for gas justified — MFA

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Weapons supplied to Ukraine cannot reach Russian territory, Spanish defense minister says

The New York Times reported on November 17 that US President Joe Biden had authorized the use of US-supplied ATACMS tactical ballistic missiles for strikes inside Russia

Russia must be able to defend itself — Erdogan on revised nuclear doctrine

The Turkish leader reiterated that "both Russia and Ukraine are Turkey’s neighbors"

Kremlin condemns report on Storm Shadow missile use against Russian targets as escalation

Dmitry Peskov chose not to respond to a question about whether Russia has proof that UK-made Storm Shadow missiles had been used against it

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Russia encircles largest Ukrainian fortification in southern DPR — security services

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Japanese lawmaker praises Putin's restraint amid decision to strike deep into Russia

Top EU diplomat Josep Borrell confirmed that the US administration had lifted restrictions for US-supplied missiles to be used for strikes up to 300 kilometers inside Russia

Russian troops liberate Dalneye community in Donbass region over past day

Russia’s Battlegroup South inflicted roughly 380 casualties on Ukrainian troops and destroyed a British-made howitzer and four US-made artillery guns in its area of responsibility over the past day

Russia not obliged to notify anyone about launch of intermediate-range missile — Kremlin

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Russian forces dislodge Ukrainian troops from half of positions in Kurakhovo in DPR

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Putin’s Q&A session and press conference to be held on one of December Thursdays — Kremlin

"The direct line and press conference are being prepared," Dmitry Peskov said

Press review: US lets Kiev use anti-personnel mines and Iran may halt uranium enrichment

Top stories from the Russian press on Thursday, November 21st

Ukrainian conflict acquires global elements after strikes with Western missiles — Putin

It is reported that the conflict in Ukraine, provoked by the West, has acquired elements of global nature

US admiral says Washington should be ready for talks with Russia, China

The Department of State and other US agencies "should continue to engage our competitors in real and substantive dialogue," Rear Admiral Thomas Buchanan said

Ukraine has around 50 ATACMS missiles — The Times

According to the report, the Ukrainian military has sufficient launchers that are capable of firing them

Preliminary data shows anti-ship missile downed over Sevastopol waters — official

Governor Mikhail Razvozhayev said that all emergencies services currently work in the high alert mode

Russia hit Ukrainian military-industrial facility in response to use of Western missiles

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Russian troops raise flag in central Kurakhovo in Donetsk region — politician

Russian army units have advanced much farther into the city’s northern part, in particular, along the southern bank of the Kurakhovo reservoir, Vladimir Rogov specified

Soyuz rocket carrying Progress MS-29 cargo spaceship blasts off from Baikonur spaceport

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West launched missiles targeting Russia’s Bryansk, Kursk Regions — Putin

Russian air defenses repulsed all attacks, the Russian president said

Humanitarian crisis in Kiev-controlled Kupyansk district of Kharkov Region near critical

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Elon Musk denies his impact on Trump’s decisions on nominates for cabinet positions

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West’s decision on missile strikes gives Russia free hand to attack NATO bases — expert

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Ukrainian frontline may 'collapse' under onslaught of Russian forces — BBC

According to the experts, Ukraine’s incursion into Russia’s borderline Kursk Region turned out to be a "strategic catastrophe" amid "manpower shortages"

Russian diplomat accuses West of using coercive measures to punish certain countries

Such measures are aimed at "destabilizing the economic and financial systems of countries that fall out of favor, damaging entire sectors of the economy and destroying global production chains," Sergey Vershinin specified

Canada neglects its sovereignty by approving transfer of land mines to Kiev — diplomat

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No Western sanctions to limit Russia’s foreign trade — minister

All restrictions that Western countries impose affect themselves in the first place, Russian Finance Minister Anton Siluanov added

Xi Jinping calls for unification of more voices for peace in Ukraine

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Newly arrived Ukrainian soldiers rob, loot in Kharkov Region’s Kupyansk

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Russian forces successfully advancing in all areas in special military op zone — Putin

The Russian president said that "all the goals we set for ourselves are being achieved"

Russian State Duma passes law on federal budget for 2025-2027

According to the document, federal budget revenues are forecast to be 40.296 trillion rubles ($404.8 bln) in 2025, 41.84 trillion rubles ($420.3 bln) in 2026, and 43.154 trillion rubles ($433.5 bln) in 2027

French Foreign Ministry refuses to disclose number of SCALP missiles shipped to Ukraine

Ministry Spokesman Christophe Lemoine also avoided answering if Paris supports strikes with these missiles on Russian territory, only saying that the missiles were shipped to Ukraine, and Ukraine

NATO deployment to Ukraine would mark its entry into the war, Russian diplomat warns

According to Maria Zakharova, the Estonian minister is inciting other NATO members to engage in a venture that is "bound to fail"

Lukashenko tells Putin situation is "starting to get tense with Wagner"

The Belarusian leader noted that they want to go to Warsaw

US Congressman urges to impeach Biden for allowing strikes deep into Russia

"By authorizing long range missiles to strike inside Russia, Biden is committing an unconstitutional Act of War that endangers the lives of all US citizens," Thomas Massie said

Defeating Ukrainian forces near Olgovskaya wood, enemy losses: situation in Kursk Region

The Russian Armed Forces have completed the destruction of a Ukrainian battlegroup blocked in the area of the Olgovskaya wood

Japanese lawmaker urges global condemnation of decision on missile strikes on Russia

Muneo Suzuki described Joe Biden’s decision as "dangerous and provocative"