Russia Oil & Gas Report Q2 2016: New research report available at Fast Market Research

Oil production outperformed in 2015, but will decline from 2016 as tax changes and sanctions limit upstream development . Gas production, which underperformed in 2015 , will improve as domestic and foreign demand pick up .

The main trends and developments we highlight for Russia's oil & gas sector are:

2015 crude and condensate production averaged a post-Soviet high of 10.716mn b/d. We forecast production to fall slightly in 2016.

Crude and condensate exports increased by over 400,000b/d from 2014 to 2015, though this will decrease in 2016 as production falters.

Oil export duty will be frozen in 2016 instead of falling as planned. This will generate around RUB200bn (USD3.3bn) in revenue for the government, though put drilling programmes at risk.

Natural gas production fell to 627bcm in 2015 on weak domestic demand and reduced deliveries to Ukraine. Stable domestic demand and strengthening European demand will support growth in 2016.

Full Report Details at
- http://www.fastmr.com/prod/1119059_russia_oil_gas_report_q2_2016.aspx?afid=301

Mineral extraction tax (MET) for non-liquefied gas exporters (or Gazprom) will increase in 2016, generating around RUB100bn (USD1.62bn) for the government.

The implementation of Euro-V fuels standards at Russian refineries has been delayed to August 1 2016 to allow sufficient time to complete modernisation projects.

Consumption of both natural gas and refined fuels (particularly diesel) were weaker in 2015 largely down to the impacts of the economic recession. Consumption will stabilise in 2016.

The Russia Oil & Gas Report has been researched at source and features BMI Research's independent forecasts for Russia including major indicators for oil, gas and LNG, covering all major indicators including reserves, production, consumption, refining capacity, prices, export volumes and values. The report includes full analysis of industry trends and prospects, national and multinational companies and changes in the regulatory environment.

BMI's Russia Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Russian oil and gas industry.

Key Benefits
Benchmark BMI's independent oil and gas industry forecasts for Russia to test consensus views - a key input for successful budgeting and strategic business planning in the Russian oil and gas market.
Target business opportunities and risks in the Russian oil and gas sector through reviews of latest industry trends, regulatory changes and major deals, projects and investments in Russia.
Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity) and Competitive Landscape Tables.

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