MACROECONOMICS.

The price for Russian gas in $200-300 for one thousand cubic metres is quite acceptable for Europe, IEA deputy head William Ramsey declared. (according to materials of RIA NOVOSTI)

"The price of $200-300 for one thousand cubic meters of Russian gas is quite sufficient for the European market", - Ramsey told, acting on Tuesday during "Moscow Energy Dialogue".

Now the Central European price for Russian gas for the Europe varies within the limits of $250 for one thousand cubic meters.

He noted that in Russia there are developed many new deposits of hydrocarbons, but, at the same time, doubted whether there will be enough investments into their development. "Today the investment market (Russia) does not stimulate it", - Ramsey told. He said that, according to his observations, in Russia there was a growth of oil production, then due to "JUKOS case" production decreased, "but then growth renewed, and Rosneft played the basic role here".

Ramsey emphasized that acts of law in sphere of energy security are necessary to discuss by the European countries together with Russia.

From October, 16 till October, 22nd petroleum in the Russian Federation fell in price 0,1 %, the Federal service of state statistics of the Russian Federation informed on Tuesday.

Cost of diesel fuel also decreased 0,1 %. Average cost of one liter of petroleum and diesel fuel made 17,96 and 17,15 rubles accordingly.

According to Rosstat, reduction in petroleum price was observed in 15 centers of subjects of the Russian Federation among which the greatest decrease was observed in Kirov - 2,7 %. In 69 centers of subjects of the Russian Federation motor petrol price remained at a level of the last week. The increase in the average motor petrol price is registered in 4 centers of subjects of the Russian Federation.

In Moscow and St.-Petersburg motor petrol prices on the average did not practically change.

For a week volumes of primary oil refining were up 2,8 % - to 4,361 million tons. Petroleum and diesel fuel production grew 6,2 % and 8,6 % - to 0,676 and 1,276 million tons accordingly.

The organizations of retail trade increased volumes of sale and stocks of petroleum by 1,3 % and 0,9 % accordingly. The wholesale organizations - raised sales by 0,5 % and reduced stocks by 1,7 %.

MARKET’S GENERAL ESTIMATION.

On Monday in the Russian share market there proceeded falling on all spectrum of liquid papers at the low volumes, begun on Friday after an issue of data on the US GDP, which showed delay of rates of economic growth and also due to falling of the basic western stock indexes. In the end of a day there were positive news about incomes and consumption of the US population for September: consumer spending increased 0,1 % whereas growth of 0,2 % was expected, incomes in September were up 0,5 %, increase of 0,3 % was expected, however they did not affect quotations strongly.

MICEX index fell 2,18 % and made 1403,65 points. RTS index decreased 2.27 % and was closed at level 1590,33 points. Shares of the oil companies fall after cheapening oil: LKOH (-3,23 %),Rosneft (-3,62 %), TATN (-2,85 %), Gazpromneft (-2,99 %), GAZP (-3,09 %), SNGS (-1,73 %). Other "blue chips" also showed drop: Norilsk Nickel (-1,64 %), Severstal (-2,93 %), SBER (-2,64 %), MTS (-0,78 %), RTKM (-0,51 %).

The volume of the tenders on MICEX made $2205,65 million. In classical section of RTS - $32.1 million.

GAZPROM.

Gazprom shares, repeating dynamics of the market, pressed through a level 10,5 having closed positions in break-even. While we remain outside the market, it is necessary to purchase according to the prices not above 9,5 on RTS.

RTS

Gazprom on RTS