Russian investments in petrochemicals
Russian investment in the gas-chemical industry
Investment in the petrochemical sector is expected to total 330 billion roubles for the years 2013 to 2015 against 225 billion roubles for 2012. As a result of these estimates the Ministry of Economic Development forecasts that chemical production will have risen by 18.4% in 2016 measured against levels in 2012.
Demand remains the most difficult variable to predict, at present the prospects do not appear positive on the basis of 2013 economic performance but much depends on how the world economy performs in this period. Russia does also possess a rainy-day windfall oil revenue fund and the government is considering releasing around $37 billion for important infrastructural projects. This could provide an important stimulus to the domestic economy.
As a result of supply-side investments the Ministry of Economic Development forecasts that chemical exports could be increased by 18% by 2016 against 2012. Imports are still expected to rise however, increasing over 2012 by 10.7%.
Vyngapur to become centre for natural & associated gas
Vyngapur is to become a regional centre for disposal of natural and associated petroleum gas. It is planned to develop the concept of a single point of reception of associated oil and natural gas from fields outside of subsoil users in areas of the north and south of Khanty-Mansiisk autonomous area.
Zapsibtransgaz, included in SIBUR, has completed construction and put into operation a new high pressure pipeline from Gubkinsky GPP tapping into the Urengoy-Chelyabinsk main pipeline. The single-line pipeline diameter of 720 mm and a total length of 21.2 kilometres is to provide a safe and secure transportation of dry stripped gas from the Gubkinsky GEA pipeline network of Gazprom.
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