HomeMediaLatest NewsIn India, they worried about the ceiling of prices for Russian oil

In India, they worried about the ceiling of prices for Russian oil

28 February 2023

Belogoryev Alexey M. Research and Development Director, Director of the Center for Energy strategic analysis and forecasting

Alexey Belogoryev, Deputy Principal Director on Energy Studies of the Institute for Energy and Finance, commented to Business FM on the likelihood of increasing the LNG supply from Russia to Europe as a result of the expected raise in gas demand in China in 2023:

"For Russia, the current trend in the global LNG market is purely neutral, because, on the one hand, we cannot increase our supplies of liquefied gas, we simply do not have spare capacity. On the other hand, it is unlikely that even a shortage of LNG in Europe will lead to an increase in demand for Russian pipeline gas, because this is already a political issue, and everyone perceives it as political. That is, this year we can count on about 45-55 billion cubic meters of exports to Europe, taking into account Turkey. I do not think that without normalization of relations with the European Union it will be possible to seriously increase exports, even if the EU countries face moderate gas shortages. And a severe deficit is still not expected, even if China's demand will surprise at the highest rates."

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