Asian countries have tightened over the demand for gas

Asian countries have tightened over the demand for gas
The fact that the gas market expects a global surplus, said commercial director E. ON Energy Trading Gareth Griffith, wrote RBC daily, with reference to Bloomberg. "Despite the fact that gas prices start to rise after the oil basket, sales decline expected cash flows", - agrees to the head of gas trading RWE Supply & Trading, Kevin Alger. The reason he calls the desire of buyers to purchase gas in minimal amounts. "Only in Europe, gas consumption dropped by 10%", - emphasized Mr. Alger.
Earlier, a glut of gas market predicted the International Energy Agency, whose report stated that an excess of gas pipelines and liquefied natural gas terminals will reach 250 billion cubic meters. m. by 2015, almost four times the capacity of gas pipelines, according to the 2007. Thus, a surplus of gas in the market will be a blow to Russia, Iran and Qatar, which control a significant amount of world gas reserves.

According to the draft report, the level of gas supersaturation depends on how successful the international community will adopt a policy of increasing the efficiency of production, and implement plans for the use of renewable energy. However, according to analyst IK "Zerich Capital Management Victor Markov, the main reason for the predominance of supply over demand in the gas market remains a crisis. "As the production in Europe will be restored, a surplus of gas will be eliminated", - the expert believes. The use of alternative energy sources can reduce demand for traditional fuels, but to a much longer term than five years, said Mr. Markov.

Analyst GK ALOR "Natalia Yassin said that reduced demand for gas is a significant effect on gas companies, including Gazprom, which has had to adjust its investment program. Nevertheless, in its view, the forecast of oversaturation of the market is unlikely to be justified. "The growth of energy consumption in Asian countries can not just pull on some of the production, but use energy resources, which will be" saved "Europe", - says Ms. Yassin. In addition, gas consumption could increase due to the transfer of coal power plants to gas, which also creates a significant potential for increasing consumption of this fuel. "In this case, change the geography of the export-oriented Gazprom, a significant portion of its supplies will occur in the Asian region" - a summary of the expert.