Russia's domestic gas price may double by 2010:
MOSCOW, November 21 (RIA Novosti) - Russia's wholesale gas price for domestic consumers could more than double in four years' time, a gas market regulator said Tuesday.
Which is about 50% slower than the market wants it to happen. Equally importantly GAZP is threatening to double transport tariffs over the same period. Which would be fair if it was not Gazprom benefitting.
Gas Output Up 2.5% y-o-y
But domestic gas consumption was up more;
“Domestic gas consumption rose 2.9% in first ten months to 313.8 bln cu m.”Oil and gas condensate up 2.2% y-o-y
Just so the oil industry does not feel left out.
Russia Gas Output to rise to 860 bcm p.a. by 2015
Which is all well and good but forecasts at the beginning of the year had gas demand at 866 bcm by 2015. If there are readers with more time on their hands than me it would be interesting to know what tonnage of Russian coal, or fuel oil this would translate in to.
What I can tell you for free is that 6bcm is the equivalent of $720mn in revenue in 2015 (assuming the world still wants gas then.)
[composed and posted with ecto]