MNI China Daily Summary: Monday, July 22

MNI BRIEF: PBOC Lowers Ceiling of Its Interest Corridor

MNI: China CFETS Yuan Index Down 0.05% In Week of Jul 19

MNI: PBOC Sets Yuan Parity Higher At 7.1335 Mon; -1.18% Y/Y

MNI: PBOC Conducts CNY58.2 Bln Via OMO Mon; 7day Repo Rate Cut

MNI BRIEF: PBOC Cuts 7-Day Repo Rate By 10bp

CBRT Data Watch

NBH Data Watch

Pay concerns push back easing expectations; curve flattens

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Russian Gas Production Surged in Q1 on Strong Demand and Exports

NATGAS
Energy BulletsCommodities

Russian gas production increased almost 10% (or 16 bcm) yoy in Q1 2024 supported by stronger domestic demand and higher exports, although remained 3% below levels from 2021, according to IEA analyst Greg Molnar.

  • Domestic consumption was boosted by cold weather, with severe cold driving daily record demand peaks in January.
  • Pipeline gas exports to China were estimated to increase by 2bcm in Q1 and in line with the contractual arrangements. while exports also to Uzbekistan rose around 9mcm/d.
  • Pipeline gas supply to Europe increased by 25% (or 2.7bcm) yoy in Q1 with higher supply to Turkey and an 18% increase in flows to the EU.
  • LNG exports increased by around 10% yoy.

Keep reading...Show less
114 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Russian gas production increased almost 10% (or 16 bcm) yoy in Q1 2024 supported by stronger domestic demand and higher exports, although remained 3% below levels from 2021, according to IEA analyst Greg Molnar.

  • Domestic consumption was boosted by cold weather, with severe cold driving daily record demand peaks in January.
  • Pipeline gas exports to China were estimated to increase by 2bcm in Q1 and in line with the contractual arrangements. while exports also to Uzbekistan rose around 9mcm/d.
  • Pipeline gas supply to Europe increased by 25% (or 2.7bcm) yoy in Q1 with higher supply to Turkey and an 18% increase in flows to the EU.
  • LNG exports increased by around 10% yoy.

Keep reading...Show less