14.01.2015 Views

Gas export pricing in Europe: how to balance ... - Konoplyanik.ru

Gas export pricing in Europe: how to balance ... - Konoplyanik.ru

Gas export pricing in Europe: how to balance ... - Konoplyanik.ru

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

<strong>Gas</strong> <strong>export</strong> price, USD/mcm<br />

1962<br />

Till<br />

1962<br />

Evolution of gas <strong>export</strong> <strong>pric<strong>in</strong>g</strong> <strong>in</strong><br />

Cont<strong>in</strong>ental <strong>Europe</strong> & FSU<br />

Russian gas =<br />

Net-back EU replacement value <strong>pric<strong>in</strong>g</strong><br />

1968/<br />

1990<br />

Central Asian gas =<br />

Net-forward/cost-plus <strong>pric<strong>in</strong>g</strong><br />

Russian + Central Asian gas = Net-back EU replacement value <strong>pric<strong>in</strong>g</strong><br />

1968<br />

1998<br />

2006-2009<br />

case<br />

2009+ case<br />

2006<br />

2009<br />

Net-back at:<br />

2009<br />

2009 (2) High oil<br />

Hotell<strong>in</strong>g<br />

2009<br />

prices<br />

rent 2<br />

Hotell<strong>in</strong>g rent 1 (1) Low oil<br />

1992<br />

1992<br />

prices<br />

1992<br />

1992<br />

Netforward<br />

1992<br />

EU-15 f<strong>in</strong>al<br />

consumers<br />

2009<br />

2009<br />

1962<br />

External<br />

EU-15<br />

border<br />

(former<br />

COMECON)<br />

EU-25/27-<br />

Ukra<strong>in</strong>e<br />

border<br />

Russia-<br />

Ukra<strong>in</strong>e<br />

border<br />

Russia-<br />

Kazakhstan<br />

border<br />

Kazakhstan-<br />

Uzbekistan<br />

border<br />

Uzbekistan-<br />

Turkmenistan<br />

border<br />

Year of establish<strong>in</strong>g of/switch<strong>in</strong>g <strong>to</strong> new <strong>pric<strong>in</strong>g</strong> system (p<strong>in</strong>k – gas orig<strong>in</strong>ated from RF, yellow – from CA, green – from EU)<br />

A.<strong>Konoplyanik</strong>, UNECE <strong>Gas</strong> Work<strong>in</strong>g Group Experts Meet<strong>in</strong>g, Moscow, 30.03.2010 Slide 7

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!