Page 134 - RusRPTJan23

Union member states on December 19 have reached a consensus on a cap for natural gas prices, according to the spokesperson for the Czech Republic's EU presidency, Dmitrij Černikov. Reuters reported, citing an official document, that the new policy states that a cap on gas prices will be implemented at €180 per megawatt hour.
Previously the EU discussed the upper limit of the gas price cap at €220.
Several nations, including Europe's biggest economy, Germany, have opposed the idea of any cap, saying it could make it harder to secure supplies. However, Belgium, Italy, and Poland see it as a way to protect consumers and the economy from the shock of high energy prices.
Under a compromise put forward by the Czech Republic, which holds the EU's rotating presidency, the cap kicks in if prices exceed €180 per MWh for five days on a month-ahead contract at the TTF hub in the Netherlands, reported Reuters. At the same time, the TTF price, which serves as the European benchmark, must be €35 higher than the reference price for liquefied gas, based on numerous existing estimates of LNG prices, for the cap to work.
According to the results of 2022, Gazprom Mezhregiongaz plans to supply 253bcm (bcm) of gas to the Russian market, Deputy CEO of Gazprom Mezhregiongaz Yury Pakhomovsky said on December 15. The company noted a growing trend in gas consumption. Thus, the most noticeable growth in gas consumption this year will be because of population - an increase of 4.3bcm compared to the plan. The company forecasts an increase in gas supplies to the Russian market by 2025 by at least 15bcm from the resources of Gazprom, and by 2030 the growth may reach 50bcm, Pakhomovsky said.
IEA's Monthly gas Statistics September 2022 for OECD: Production up by 5.2% y/y
Imports down 10.8%
Total OECD exports down 8.9%
Gross consumption up 3.1% in Sept y/y
134 RUSSIA Country Report January 2023 www.intellinews.com