Russian LNG will have to convince India using a prices policy
7 March 2019
17:17.
India, following China, is increasing imports of natural gas and in the next five years could become one of the fastest growing markets in the world.... Whether there will be in the Indian market a worthy share for Russia?
(...)
India at the same time - the excellent negotiator who does not want to overpay for goods. It was shown by long-term contracts on LNG supply. In 2015 Qatar RasGas made concessions to the Indian Petronet and agreed to change a price formula so that the prices for India fell almost twice, but volume - increased to 8.5 million tons per year (11.7 billion cubic meters) till 2028. The prime minister of India Narendra Modi said then that the state company will save $3 billion.
In the autumn of 2017, the American oil giant ExxonMobil had to reduce the price. He delivers LNG to India from Australia. In return for the increase in the annual supply from 1.5 million tonnes to 2.7 million tonnes, the Americans agreed to assume the costs for the delivery of liquefied natural gas and to change a pricing formula towards decrease.
The Ministry of oil of India estimated the savings from the new terms of the contract at $ 600 million.
The similar story comprehended also Gazprom which had to make last year more concessions [privileges] under the contract of 2012. As noticed Kommersant, the margin of Gazprom after new arrangements was small. India, on the other hand, has shown significant savings. As reported by the Indian edition of the Economic Times, referring to the written response of Indian oil Minister Dharmendra Pradhan, Gail will reduce contract costs by more than $ 1 billion.
The publication of the Hindu noted that the first gas supply from Gazprom was at a price of almost $ 250 and was cheaper than competitors from Qatar, Australia and the United States.
You read such publications and understand why it is so difficult (impossible?) find information about the profits of all these mega projects. We can only assume that there are both budget financing and loans from state banks...
It is clear that someone on these projects earned and will earn in the future. Perhaps not so little (billions of dollars?) ...
And environmental damage, and associated with environmental damage costs? Won't the budget and the population have to deal with all this "joy" during tens (hundreds) of years?
If the assumption about budgetary sources of funding for mega-projects is correct, it begins to correlate with a broad public response to the so-called "pension reform" and other measures of budgetary savings.
of budget money begin not to be enough for all "great people"... What to do?
"Great people" fulfill:
1. A Show of an information tricks.
2. A Catching of a small walruses and put them in the "whale jail." ["whale prison"]
They - "great people" ...
March 7, 2019 20:28
Translation from Russian into English: March 7, 2019 22:48.
Владимир Владимирович Залесский "Рассказ об интересе к Новой Земле и к белым медведям вечером 7 марта 2019 г.".