Gazprom says no competition for Russian gas on the EU market
MOSCOW, (Reuters) - Russian gas giant Gazprom has no competition when selling gas to the European market, the company’s export arm told Reuters, pointing to its record export volumes to the region.
Last month, Gazprom Export said the company plans to increase exports to Europe from the record-high levels seen in 2017.
“There is no competition for Gazprom’s gas on the European market now,” Gazprom Export said in emailed comments.
“Our record supplies show this better than words. In the first half of 2018 (supplies) were growing even though consumption fell somewhat,” Gazprom Export said.
Supplies of liquefied natural gas from the United States to Europe may pose a threat to Gazprom’s export plans only if margins on the European market catch up with those currently being offered by Asian markets, Gazprom Export said.
“Asian markets are still offering a premium and even the increase of forward prices in Europe to $9 per MBTU (million British thermal units) for the supplies this winter will not give U.S. suppliers margins comparable to shipments to Asia,” Gazprom Export said. (Reporting by Olesya Astakhova Writing by Andrey Kuzmin; Editing by Kirsten Donovan, Polina Ivanova)
A New Approach to Large Medium Voltage Drives
By attending this webinar, you will learn the benefits of using a single-channel, Variable Frequency Drive (VFD) solution for applications above 9,000Hp with operating voltages from 11kV to 13.8kV. We will explore a VFD solution that does not require a step-up output transformer but still provides maximum control, environmental and motor flexibility to the end user. We will also discuss how to provide maximum reliability using power cell redundancy and the removal of water cooled components. The topics covered in the webinar include:
•A brief review of the multi-cell M2C topology
•A review of the physical implementation and the advantages it offers to the end user
•A presentation of the various implementations and ratings available for use on typical pump, compressor and fan applications.
May 7, 2019 10:00 AM CDT