Fitch Rating: Gazprom and American shale workers will work without profit for 2 years

Fitch Rating Agency, a member of the "Big Three" of international rating agencies, made a forecast on the changing situation on the global gas market.

According to the agency’s experts, leading gas suppliers need to be prepared for the fact that in the next two years prices for “blue fuel” will remain low, and the proceeds from its sale will barely cover the costs of its production and transportation.

Fitch Ratings noted that now in the global gas market, supply is much higher than demand, and it will take two to three years to stabilize it.

Experts believe that current prices in Europe and Asia barely cover suppliers with various operating costs and transportation costs. This applies to both Russian Gazprom and American manufacturers.

And therefore they are not viable

- concluded in Fitch Ratings.

According to the agency’s forecast, the fall in gas demand in China due to the coronavirus epidemic, as well as storage facilities filled in Europe due to the warm winter and the launch of new LNG facilities in the USA, will not allow prices to rise in the coming years and they can be expected to recover in 3-5 years .

Only then, experts say, European prices can rise to $ 194 per thousand cubic meters, and American prices to $ 88.
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  1. kapitan92 Offline kapitan92
    kapitan92 (Vyacheslav) 20 March 2020 14: 17
    Experts believe that current prices in Europe and Asia barely cover suppliers, including Gazprom, various operating costs and the cost of transporting to Europe.

    That is a fact, Mr. Duke.

    - film "Crown of the Russian Empire or ........"

    It remains for us to wait for June and see how Gazprom will raise gas prices in the domestic market.
    I haven’t seen any information about the cut in salaries for the “managers” of Gazprom, headed by Miller. laughing
  2. Sergey Latyshev (Serge) 20 March 2020 15: 41
    True, they don’t know our Gazprom, oil workers and amazing gas prices.
  3. King3214 Offline King3214
    King3214 (Sergius) 20 March 2020 18: 05
    The "shale plants" will not last more than six months. They have debts like fleas on a yard dog.
    Loans have to be paid, not from what. And therefore - "rest in peace", US shale oil and gas.
    1. Arkharov Offline Arkharov
      Arkharov (Grigory Arkharov) 20 March 2020 19: 59
      "Dumb liberals" look into their own pockets, while "smart patriots" look into the American. Let us "walk with a bare butt", but the Americans do not have ironed laces. That's how we have them! Funny, yes, "numbered" at 11-80?
    2. Natan bruk Online Natan bruk
      Natan bruk (Natan Bruk) 21 March 2020 02: 08
      But the thing is that all the shales are insured. But the main thing is not this, but the fact that even if there are no shale workers left in the United States, nothing terrible will happen to the US economy, because, unlike the Russian Federation, it is not built at all on oil and gas. That for the USA will be just a nuisance will be a disaster for the Russian Federation.
      1. King3214 Offline King3214
        King3214 (Sergius) 22 March 2020 17: 29
        What reality do you live in?
    3. Arkharov Offline Arkharov
      Arkharov (Grigory Arkharov) 21 March 2020 08: 20
      Especially touching is the transfer of arrows to shale mining. Comrades "hurray patriots", did you know that all US oil industry one percent of US GDP? They will not even notice the conservation of wells.
  4. The comment was deleted.
  5. gorenina91 Offline gorenina91
    gorenina91 (Irina) 21 March 2020 09: 57
    - Yesterday, in the topic "The US announced the beginning of a large-scale economic crisis" ... personally, I already wrote that the Americans are simply bluffing with this contrived crisis, here are my excerpts:

    Yes, even if a large-scale fire breaks out in shale oil fields and on oil drilling platforms in the Gulf of Mexico (which has already happened more than once) .., then even then ... - the Americans will not get any "large-scale economic crisis" ... - Well, just the insurance companies will go about their business ... -and all the cases ...

    - In general, a rather ugly picture for the whole world begins to unfold more and more ..., namely:
    - Did the Americans (and Trump in particular) go to such a global game to restore the United States to its former power and overthrow China ...
    - Yes, like this ...- without any missiles and aircraft carriers (Trump is not a supporter of military operations at all), the Americans easily put all of China on its side (with its huge stupid army - who needs this useless Chinese monster) and again go into absolute world leaders in everything ...
    - China made a very big mistake that it so quickly supported the Americans in everything ... - and specifically supported it ... - against Russia ... - And China will very soon suffer a crushing defeat ...
    - And Russia can play on all this and it is quite easy to get out of this difficult situation for many states ... - For this, Russia only needs to stop supporting and saving China ... - China itself has cornered itself ... - China has played too much. ..- why save him ... - For starters ... - Russia just doesn’t need to do anything in relation to helping China ... - Just do nothing ...
    - China itself will ask for help from Russia ... - Here, too, Russia may start its new game with China ...
    - But, unfortunately ... - today in Russia, neither among the state leadership, nor among the Russian government - there is neither a fraction, nor a likeness of the lobby to start such a decisive relationship with China ... - And our guarantor himself ... more - not able to take such actions in relation to China ... - it’s a pity .. because today, for Russia, everything could have changed for the better ... - Alas ...