Anti-Russian sanctions will not affect key energy player – Gazprom (S&P Report)


August 8 , 2017 – Fort Russ News – 

KtovKurse – translated by Inessa Sinchougova 

Due to the fact that the United States has introduced new sanctions against Russia, uncertainty is growing in the gas market of Europe. Among the possible risks – rising gas prices and supply disruptions.

Such consequences can be expected if restrictive measures lead to serious delays in the construction of new pipelines or at all the abandonment of these projects. But in the preliminary S & P report, this scenario is excluded.

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“If the sanctions lead to significant delays in the construction of new pipelines or the cancellation of these projects (which does not correspond to our baseline scenario), this could lead to higher gas prices, an increased risk of interruptions in Russian gas supplies, and an increase in the utilization of storage facilities and liquefied gas capacity.”

At the same time, there are no significant negative consequences for the European gas transportation system from the introduction of new sanctions against Russia. As experts explain, this will contradict the interests of many significant market participants in Europe.

Nor should the financial solvency of Gazprom be affected, if it suddenly has to independently finance the construction of new pipelines, according to S & P.

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