Gazprom shares “overboard” TANAP

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Day trading on the Moscow exchange completes without surprises. The RTS index and the index of Masuri equally reduced by 0.4%.
To outsiders, the market was Gazprom, its shares are down 1.5%. Tomorrow is the Grand opening of the TRANS-Anatolian gas pipeline (TANAP), according to him, the hydrocarbon raw materials from Azerbaijani fields will be delivered to Turkey and Europe. We regard TANAP as being a risk to the market position of Gazprom.
Azerbaijan plans to supply via TANAP to Europe 10 billion cubic meters of natural gas per year, and 6 billion cubic meters will be exported to the Turkish market. In 2017, natural gas consumption in Turkey amounted to 53.5 billion cubic meters of the Needs of the European Union is estimated at approximately 530 billion cubic meters, however, the speculators, probably, have decided that this is negative news for Gazprom.
Ruble liquidity is deposits in the CBR. Regulator raises funds on Deposit at 6.25% until 13 June. Angela Merkel fully supports the idea of talks between the presidents of Russia and the United States. Vladimir Putin stated that the personal meeting with Donald trump, of course, necessary. However, the decline in geopolitical risk is unlikely to expect. In addition to dividend payments from the Russian stock market in fact no idea about new sanctions, primarily against Russian OFZs financiers prefer just not to think. The ruble stable. On Wednesday at the opening of the changes in major stock indices, and on domestic currency market is very unlikely.
Alexander Razuvayev,
The Director of analytical Department,