The situation in the world may force Gazprom to stop Nord Stream-2

17

Gazprom, following Rosneft, faced the prospect of huge losses. Gas prices collapsed after oil prices, and the coronavirus epidemic in Europe, the monopolist's main export market, threatens to further reduce the consumption of blue fuel.

A logical question arises, what will happen to the unfinished Nord Stream-2 and gas prices in Russia itself?



The situation for domestic economicsfocused on the export of hydrocarbons looks deplorable. Oil is trading at $ 25 per barrel, gas in the European spot market - around $ 100 per thousand cubic meters. Analysts are trying to draw parallels with 2004, but now, due to the pandemic factor, there is no hope for increased production and demand. Thus, the authorities of Italy affected by the coronavirus announced the suspension of any industry, with the exception of vitally important. By the way, Italy was considered the second largest importer of Russian gas to the EU after Germany.

In the air, it smells distinctly of the announcement of force majeure for the purchase of gas from Gazprom, as China had previously done under its contracts. For the domestic monopolist, this threatens a sharp decline in income. In fairness, we note that the problems are brewing not only in our "national treasure." Due to the temporary closure of the Chinese market, American manufacturers began to revise their LNG projects. Tellurian announced a forced reduction of 38% of its employees. Its competitor Cheniere admits postponement of the launch of additional capacities at Corpus Christi.

The big question is how the domestic state corporation intends to deal with economic difficulties. As a rule, this is done by cutting costs for secondary or non-core projects. For example, it is possible to reduce Gazprom’s expenses for maintaining the Zenit football club or for building a hotel complex with a yacht club in Strelna. You can reduce salaries and bonuses of top management of a company funded from the federal budget. To make it clear what amounts we are talking about: according to the results of 2018, the Gazprom management received a total of over 16 billion rubles for 2,5 people.

Let's face it, something similar will happen last. The second option to compensate for losses for the state corporation is to increase gas prices for its own population. So, today Central Russia brings “national wealth” more than gas exports to Europe in terms of the cost of a thousand cubic meters. However, some experts believe that now is the time to raise tariffs for the Russians. Apparently, first it will be necessary to vote for changes to the Constitution and the notorious endless "stability".

Finally, even Nord Stream-2 can fall under the knife. On the one hand, it needs to be completed - in Berlin, it was made clear that they are expecting a turnkey pipeline from Moscow. On the other hand, after the signing of the 5-year transit agreement with Ukraine, the severity of the issue decreased. The Akademik Cherskiy pipe-laying vessel is wandering around the seas somewhere, the USA and Poland are putting another obstacle in the way of building the gas pipeline. Due to the epidemic, which they did not manage to take control of, production and business activity in Europe are declining, and hence the consumption of “blue fuel”.

It turns out that more and more factors come down to the fact that Nord Stream-2 will become a long-term construction.
17 comments
Information
Dear reader, to leave comments on the publication, you must sign in.
  1. Bulanov
    Bulanov
    +1
    25 March 2020 13: 18
    In the era of such crises, the most favorable time is coming to equalize the incomes of Russian citizens. Probably a 20-fold difference at this stage will be just right. If the minimum salary (not salary, but the whole salary) in the country, for example, is 10 thousand rubles, then the maximum should not exceed 200 thousand rubles, and not a million or more. It is in this case that the people can still feel solidarity.
    1. 123
      123
      +1
      30 March 2020 08: 23
      Look at your leisure, the topic of justice is suitable Yes

  2. Arkharov
    Arkharov
    -3
    25 March 2020 15: 19
    But isn’t he stopped yet?
  3. steelmaker
    steelmaker
    0
    25 March 2020 18: 31
    No matter what the leaders of Gazprom and Rosneft do, the state will only suffer losses. And if Putin was interested in the profitability of these firms, he would have fired such leaders long ago. Conclusion: Profitability is not important to Putin. And in general, everything that they say and think about our power is also "violet" to Putin. The main thing is to play by their rules. Therefore, they are encouraged to go to vote in all elections. And the result will always be what they want! That's interesting. When a vote, whatever, passes through the Internet, the result is always the opposite of the official one. Until there is an alternative to the EP in the regions, it is useless to go to the polls! If we want something to change, we must stop playing by THEIR rules. Any election BYKOT!
    1. 123
      123
      +1
      30 March 2020 08: 31
      Whatever the leaders of Gazprom and Rosneft do, there are only losses for the state.

      The amount of losses in numbers do not sound? winked
  4. Alexander Semenov
    Alexander Semenov
    -3
    25 March 2020 20: 04
    Political projects suffer a political fiasco with commercial risks ... fines will also come from European partners.
  5. Oyo Sarkazmi
    Oyo Sarkazmi
    +5
    26 March 2020 08: 45
    Everything is gone, the pipe goes away, Trump is the second term!
    If you carefully gossip that coronavirus is a disease of unheated apartments (and in Italy and the south of France, heating of apartments and houses is nonsense, which means that the walls are covered with black mold by spring), then the EU will itself begin to pull pipes to Qatar and Iran.Trumpet, or die!
    1. Ivan Ivanov_18
      Ivan Ivanov_18
      +4
      26 March 2020 18: 18
      Poured and drank.
      1. Oyo Sarkazmi
        Oyo Sarkazmi
        +3
        27 March 2020 22: 38
        Really kerosene ... belay
      2. 123
        123
        +1
        30 March 2020 08: 36
        Poured and drank.

        A voice toast? laughing
    2. 123
      123
      +2
      30 March 2020 08: 34
      If you carefully propagandize that coronavirus is a disease of unheated apartments (and in Italy and the south of France, heating of apartments and houses is nonsense, which means that the walls are covered with black mold by spring), then the EU will itself begin to pull pipes to Qatar and Iran. A pipe, or die!

      The idea is correct, but there are some problems with laying a pipe to Qatar and Iran, there is such a country - Syria, and it did not work to take control. So, the Russian pipe remains, well - or die.
  6. Sapsan136
    Sapsan136
    +3
    26 March 2020 16: 33
    American oil shale companies are definitely covered, their profitability has long been a thing of the past.
  7. gorenina91
    gorenina91
    -3
    27 March 2020 08: 43
    The situation in the world may force Gazprom to stop Nord Stream-2

    The "situation" has long forced ... Gazprom to stop Nord Stream 2.
  8. 123
    123
    +3
    30 March 2020 08: 18
    For example, it is possible to reduce Gazprom’s expenses for maintaining the Zenit football club or for building a hotel complex with a yacht club in Strelna. You can reduce salaries and bonuses of top management of a company funded from the federal budget.
    There is one more "non-core liability" "ECHO MOSCOW", but apparently to advise "relatives" to send another option for reduction. After all, after that, when meeting with gums, rubbing will not work right?
    Finally, even Nord Stream-2 can fall under the knife.
    And what is trifling? It is possible to cut all gas pipelines, and even toss chops into the wells.
    The Akademik Cherskiy pipe-laying vessel wanders around the seas somewhere
    Why somewhere? Along the Namibian shores, the Atlantic furrows https://www.vesselfinder.com/en/vessels/AKADEMIK-CHERSKIY-IMO-8770261-MMSI-273399760 It is approaching slowly with the inevitability of the asphalt paver, which is why it boils in some citizens near the coccyx. Yes You would have done the cooling on your own chair or something, soon it will be very difficult to sit at all. winked
    It turns out that more and more factors come down to the fact that Nord Stream-2 will become a long-term construction.
    Yes, yes, the ship will reach the Baltic, catch a sprat for about a week, and turn back. This is the most logical decision, isn't it? Build everything, but don’t hammer the last nail and drop it. Say then we'll finish it sometime. Dream on hi
  9. Nick
    Nick
    +2
    30 March 2020 08: 55
    the situation for the domestic economy, focused on the export of hydrocarbons, looks deplorable

    I am amazed at the "courage" of an author who undertakes to write articles on topics in which he does not understand anything.
    The share of oil and gas in the structure of Russia's GDP in 2019 was only 7,2%. For the 20th year, the share of oil and gas in the structure of GDP is planned even less, only 6% of GDP. What kind of "domestic economy oriented to the export of hydrocarbons" can we talk about at all? It is in Saudi Arabia that the economy is focused on the export of hydrocarbons. Indeed, 45% of GDP there is oil and gas production. And the share of oil and gas revenues is 75% of the country's budget.
    1. Alex widerker
      Alex widerker
      0
      April 14 2020 20: 47
      The current GDP of the Russian Federation directly depends on revenues from the hydrocarbon industry, which includes oil and gas products. They make up approximately 10% of the gross product, 50% of the federal budget and a little over 70% of the total export.
    2. The comment was deleted.
    3. The comment was deleted.
  10. 69
    69
    0
    April 14 2020 20: 52
    In short, the magic oil kick.