A thought experiment
As life would have it, one thing leads to another. Some spare time and lots of creative activities have naturally led to a thought experiment. Let’s imagine what it would be like to become an accomplished artist for one day. Anyone can walk into a studio, stand in front of an easel, pick up charcoal…
The joy of painting
Having nothing to say to the world about Russian (and any other country’s) politics or fluctuations in gas prices, one naturally turns to contemplation on the meaning of life, universe and everything. It is not 42. The answer is not discrete, it is continuous. Let me explain. All the world’s problems come from the inability…
Donald Trump and me
This should be the mantra of every one of us these days. From any number of high-flying politicians anywhere in the world to every one of us at the bottom of the pile. The outcome of the US Presidential elections will determine the lives of billions of us. This is what happens when one global…
When Grigory Alekseyevich met Vladimir Vladimirovich
On October 26th, 2023 Grigory Yavlinsky, the prominent Russian opposition politician met with the Russian president Vladimir Putin. This must have been an unusual event for both sides – the first one-to-one meeting between the politicians since May 2014. There was only one more encounter in March 2018 when President Putin met with Mr. Yavlinsky…
We’re only human after all
Last week (Oct 28/Oct 29) the Weekend FT ran a series of articles on India. This was inside the Money section which is a bit of a backyard for the publication if you ask me. This time there were plenty of golden nuggets to be dug out and closely examined for a non-specialist in Indian…
Russian gas export price up in Dec, but Jan 2022 likely to slide to sub $500/mcm
Based on the Russian customs data released on February 7, the weighted-average price of Russian-origin gas to all export destinations (exc. China was $517 per 1,000 cubic meters (mcm) in December 2021, compared to our forecast of $580/mcm. Based on customs data, we estimate that the price for Russian gas in Europe only (excluding FSU,…
Gazprom in January: output near capacity points to higher export in coming months
In January, Gazprom produced 47.4 bcm of gas, up 1% YoY, according to the company’s statement on Telegram. This means that the average daily gas output was 1,529 mn cu m/d, up 16 mn cu m/d on the same period of last year. We note, however, that the daily average output is down from 1,540…
Gazprom: positive signs for the European gas market
Russian gas export to Europe so far in January averaged 246 mn cu m/d, down 31% year-on-year (data as of January 26). However, there are indirect signs that Gazprom might be looking to increase supplies in the coming months. According to Interfax[1], at a meeting with analysts Gazprom management pointed to high prices under long-term…
Gazprom in mid-January: output rises, export to Europe plummets and to China jumps, domestic sales flatten out
In the first 15 days of January, Gazprom produced 23.1 bcm of gas, up 2.1% YoY. This means that the average daily gas output was 1,540 mn cu m/d, up 32 mn cu m/d on the same period of last year. The main contribution to extra output (est.19 mn cu m/d) might have come from…
Russian-origin gas price to all export markets at $503 in November, export to Europe drops by 29% YoY
The weighted-average price of Russian-origin gas to Europe, Turkey and the Former Soviet Union (FSU) was $503 per 1,000 cubic meters (mcm) in November, compared to our forecast of $511/mcm. This is based on the Russian customs data, released on January 14. It does not include sales to China. Russian customs report the total value…
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