“Gazprom” began to prepare for an oil price of $ 20 – RBC

Photo: Yekaterina Kuzmina / RBC

« Gazprom “develops budget options based on oil prices of $ 20 and $ 25 per barrel. This was announced by Head of Financial and Economic Department Igor Shatalov

In the “Gazprom” started testing versions of the company’s budget in the fall of oil prices to $ 25 and $ 20 per barrel. On this, as reported by Tass, the First Deputy Chief of financial and economic department Igor Shatalov at a meeting with investors in New York.

«Budgeted price of oil at $ 50 a barrel was below most analysts’ forecasts, but we made a parallel scenario with oil price $ 35 per barrel … Now we are working on the analysis of scenarios of oil price of $ 25 and $ 20 per barrel “, – he said.

A member of the board of the gas holding Oleg Aksyutin during the same meeting, he said that the company believes the current temporary decline in oil prices. Aksyutin also stressed that the state is interested in preserving the integrity of the group “Gazprom”. “Especially in the current crisis period,” – said a top manager.

Deputy Chairman of “Gazprom” Alexander Medvedev, told investors that the company is ready to give Europe any amount of the projected growth in demand of 140 billion cubic meters. m by 2025. He said that “Gazprom” does not exclude the participation of a number of projects in Iran, export-oriented. Medvedev also assured investors that the company is not afraid of competition, “whether it is Iran or other potential suppliers».

The report of the holding with reference to the Chairman of the Board Alexei Miller said that “Gazprom” in January of this year increased exports non-CIS countries by 36% compared to the same period last year, to 15.1 billion cubic meters. m. “The demand for Russian gas in foreign countries continues to grow strongly. According to preliminary data, the supply of “Gazprom” on the market in January 2016 increased by 36.1% compared to the same period of 2015 and amounted to 15.1 billion cubic meters. m. The largest growth demonstrate key countries – consumers of Russian gas. In particular, exports to Germany increased by 50.9%, in the UK – by 185.7%, Italy – 16.1%, Poland – 67.2%, “- Miller said at the working meeting.

Earlier in January, based on stress scenario with the price of oil at $ 20-25 per barrel and even lower said CFO Sberbank Alexander Morozov. According to him, the basic scenario incorporated in the business plan for 2016 assumes that the average price of Brent crude oil in 2016 will be $ 35 per barrel (compared to $ 50 per barrel, laid down in the baseline scenario prepared by the end of 2015. ). The average dollar exchange rate will be 77.4 rubles., The previous scenario assumed average exchange rate of 60 rubles.

According to the head of LUKOIL Vagit Alekperov, the company preparing for an average of 2016 a barrel of oil cost $ 30. This stress scenario envisages a price drop to $ 20 Alekperov believes that the critical moment for Russian oil will drop in oil prices below $ 24 per barrel.

«Below this price there are many projects, even acting, will be stopped, “- said Alekperov.