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updated Thu. April 5, 2018

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State-run GAIL India's renegotiated LNG import deal with Russian supplier Gazprom will kick-in from May, with volumes gradually ramping up to fully contracted quantity of 2.5 million tonnes (MT) in 5-6 year, Oil Minister Dharmendra Pradhan said today. GAIL had in January renegotiated terms of its 20-year ...
The EU competition enforcer has rejected a complaint by state-run Polish oil and gas company PGNiG which wants Gazprom to sell its controlling stake in ... Gazprom found itself in the EU antitrust crosshairs in 2011 after regulators raided about 20 offices of its customers in eastern and central Europe, ...

The Digital Innovation Centre will be focused on developing breakthrough digital products to develop a single and inclusive technological platform for Gazprom Neft's business in terms of logistics, processing and sales. It will aim to integrate all elements of the value chain into a single digital space, allowing ...
Few expected such a dramatic turn of events in the long-ongoing Russo-Ukrainian gas dispute. Before the February 28 decision of the Stockholm Arbitration Court, most observers expected a court ruling that would largely cancel out the claims of Gazprom and Naftogaz, the national companies of the two ...
National joint-stock company Naftogaz Ukrainy in April could start recovery of $2.6 billion debt from Russia's Gazprom to execute the award of the Arbitration Institute of the Stockholm Chamber of Commerce, Naftogaz Chief Commercial Officer Yuriy Vitrenko has said. “[The appeal to courts] could start in the ...
Mammoet has successfully completed the safe delivery of two heavy and oversized columns to Gazprom Neft Moscow Refinery for the construction of their new combined Euro+ facility in Moscow. Construction of the new complex will provide additional stability in fuel supplies for Moscow into the future.

"Indeed, the meeting between Gazprom and Naftogaz of Ukraine took place last week. The negotiation process started within the framework of the procedure for termination of gas supply and transit contracts. Furthermore, Gazprom notified Naftogaz one again that it will dispute the decision of the Stockholm ...
TNSC has been negotiating with Gazprom for about ten years keeping an eye on the prospective He source in the East Siberia of Russia following the source in the US. This time it has borne fruit in the long-term sales agreement of He with Gazprom Export, which is Gazprom's affiliate in charge of sales.
As UNIAN reported earlier, Naftogaz on February 28 received the final award of the Stockholm Arbitration Tribunal ordering that Gazprom pay Naftogaz $4.63 billion. The award means Gazprom has to make payments to Naftogaz in the order of $2.56 billion after residual payments for gas delivered in 2014 ...
Ukraine has confiscated 100 million Grivnas ($3.81 million) in the execution of a fine imposed by the Antimonopoly Committee on the Russian company Gazprom. The Minister of Justice of Ukraine, Pavel Petrenko, announced the news last week. “Gazprom has nothing to say,” he said. “Despite the actual ...
Russia's Gazprom has made a series of cuts to its energy trading operations in London, fuelling speculation that the gas giant is planning to retreat from the West. The state-backed energy behemoth has merged its oil and liquefied natural gas (LNG) trading desks, making a handful of LNG traders ...
March 22, 2018 (EIRNS)—“The construction of the Power of Siberia gas pipeline is going on at a high tempo. It is a link between the gas production centers and consumers,” Gazprom said in a statement after a meeting of its board of directors, RT reported on March 21. In May 2014, Russian President Vladimir Putin and ...
It was noted that Gazprom made consistent and targeted efforts to improve the efficiency of its innovations. The Innovative Development Program until 2025 serves as an effective instrument for setting the priority objectives and lines of work in this area. The Program makes a substantial contribution to the ...
Gazprom's CEO Alexey Miller said Tuesday the offshore section of the TurkStream natural gas pipeline, connecting Russian fields to Europe via Turkey, is 50% complete, Kallanish Energy reports. In a meeting with Italy's ambassador to Russia, Pasquale Terraciano, the executive discussed bilateral ...
MOSCOW, March 22 (Reuters) - A relative of Russian President Vladimir Putin has been nominated for a senior position in the state-owned gas giant Gazprom. In a brief financial disclosure on Thursday, Gazprom, the world's largest natural gas producer, said its board would consider the issue "of M.E. ...
Gazprom and Italians talk about southern gas route. 0. 20.03.2018 19: ... Alexey Miller, the head of Gazprom, and Italy's Ambassador to Russia, Pasquale Terracciano, exchanged opinions on the subject of building a southern route for gas supply to Europe, as it follows from the message pf the gas holding.
Gazprom signed the Guiding Principles on Reducing Methane Emissions across the Natural Gas Value Chain. In November 2017, the document was inked by such companies as BP, Eni, ExxonMobil, Repsol, Shell, Statoil, Total, and Wintershall. By signing the document, Gazprom made a commitment to ...

Gazprom's gas exports jumped by 29% in the first half of March as a result of continuing cold weather in Europe. Gazprom exported 9.7 billion cubic metres of gas in the first 15 days of March, 29.4% more than in the same period last year, Interfax reported. The surge in exports was attributed to a ...
Sputnik reported that Russia's Gazprom is planning to issue eight-year Eurobonds in euros, a banking source told. According to the source, the yield ... On February 26-27, Gazprom held meetings with investors in Geneva and Zurich devoted to the possible placement of its Eurobonds. Source : Sputnik.
One of the remaining construction assets of PJSC Gazprom — 99.99% of Tsentrgaz — was put on auction, the media reports on Friday. To get a full access to Russian Construction. Subscribe Now / Sign in. Get a free trial subscription until September 15. Related publications. 1-11-2016, 15:05. Company of ...
The Linde Group and Gazprom Export LLC, a 100% subsidiary of OAO Gazprom, have signed a sale and purchase agreement for the offtake of helium from Gazprom's Amur helium plant, which is currently under construction in the far east of Russia, as part of the development of Gazprom's Power of Siberia ...
Russian gas giant Gazprom plans to cut hundreds of jobs at its trading and export divisions abroad and move trader jobs to St. Petersburg, Reuters reported on Wednesday, citing two sources familiar with plan. According to the Reuters sources, the decision to move jobs from overseas trading and ...
The Linde Group and Gazprom Export LLC, a 100% subsidiary of OAO Gazprom, have signed a Sale and Purchase Agreement for the offtake of helium (He) from Gazprom's new Amur He plant currently under construction in the far east of Russia, as part of the development of Gazprom's 'Power of Siberia' ...
NJSC Naftogaz of Ukraine has received a notice from Russia's Gazprom about its intention to terminate gas contracts. Read more here. Found a spelling error? Let us know – highlight it and press Ctrl + Enter. You've reached your article limit. Sign up to read this article or subscribe to get unlimited access.
Russia's Gazprom said it officially notified Naftogaz on Monday that it had started the termination procedure of its transit and supply contracts following a fresh dispute over a Stockholm arbitration verdict last week. Alexey Miller, chairman of Gazprom's management committee said it had launched the ...
Gazprom deputy chairman Alexander Medvedev said Saturday that the company has begun procedures in the Stockholm international arbitration court to end its contracts with Ukraine's Naftogaz. The move comes after the Stockholm body ruled that Gazprom should pay Ukraine more than $2 billion for ...
Reuters: Russia's Gazprom says has started terminating gas contracts with Ukraine ... Russia's gas giant Gazprom (GAZP.MM) has started a procedure to terminate contracts with Ukrainian energy firm Naftogaz in an arbitration tribunal in Stockholm, Gazprom deputy CEO Alexander Medvedev said on ...
Eleven months after criticizing Gazprom PJSC for “isolating” the Bulgarian market, the EU's regulator has lauded the Kremlin-backed gas exporter for boosting competition by allowing two-way flows between Greece and Bulgaria. Relations between the EU and Russia had soured after Moscow's annexation ...
"On March 21st Gazprom filed a request to the Court of Appeals in the Svea District to partially annul the final arbitration ruling with Naftogaz Ukraine on the subject of deliveries" of gas, the firm said in a statement on Thursday. It said the appeal was motivated by errors of procedure and abuses committed ...
This year Gazprom (OTCPK:OGZPY) is 25 years old. Now, Gazprom is engaged in the construction of pipelines for gas exports to Europe and Asia. Investors do not much like the company and now it is trading at 4x its earnings. But in my opinion, 2018-2019 should bring changes in the mood of investors.
It is hard to see when the five-year long investigation into Russian energy giant Gazprom will come to an end, the EU's competition commissioner told CNBC. The EU began looking at whether Gazprom, which operates in Europe, would be breaching antitrust rules in Europe in September of 2012, after ...
As Gazprom this months celebrates its 25-years anniversary, it can record a historical high in natural gas exports. In a meeting with President Putin last week, company CEO Aleksey Miller confirmed that exports in 2017 amounted to 194,4 billion cubic meters, the company's biggest annual volume ever.
Gazprom said the company makes systematic efforts to increase energy efficiency in gas transmission by improving metering systems and using advanced techniques for leak detection. Gazprom said that due to an array of measures, natural gas losses in the UGSS dropped by 2.4 times between 2009 and ...
The Gazprom Board of Directors took note of the information about the Gazprom Group's cost optimization (reduction) efforts in 2018. It was stressed that over the years the Company had sustained a comprehensive approach to cost reduction. The work in this area involves a number of main activities.
Gazprom and ChelPipe have signed an agreement for the development and batch production of pipes for offshore projects. At the Russian Investment Forum in Sochi, Gazprom Management Committee Deputy Chairman Vitaly Markelov and ChelPipe Chairman of the Board of Directors Andrey Komarov ...
Gazprom, the official partner of FIFA and the 2018 FIFA World Cup™, announced today the opening of the Sixth Season of the Football for Friendship (F4F) International Children's Social Project. The project has been launched in India for the second time. The goal of the program is to involve the young ...
Turkey has not yet issued a permit for Gazprom (OTCPK:OGZPY) to start building the land-based part of the TurkStream gas pipeline, prompting fears that the project will be delayed, Reuters reports. The government has authorized Gazprom, which has a de facto monopoly on Russian gas exports by ...
Gazprom Export, the exports division of Russian gas giant Gazprom, has inked three gas purchase agreements with international companies, jointly worth $2.88 billion. According to media reports, Gazprom Export will pay some $1.77 billion and $738.8 million in two contracts running from Jan. 1, 2018, to ...
However, it has still not given Gazprom the green light for the land-based segment to ship Russian gas onward to southern Europe, the sources told Reuters. "There is no permission from Turkey, which hampers talks about building the second line to Europe," one of the sources familiar with the talks said.
Russian energy giant Gazprom has been conducting direct sales of natural gas to final consumers in Greece since late December, changing the landscape of the domestic market. Kathimerini has confirmed that the Mytilineos Group receives quantities directly from the Russian company via the Sidirokastro ...
IMF's technical mission is expected to arrive in Kyiv on Feb 12, Naftogaz reported it would soon start purchasing gas from Gazprom, the Verkhovna Rada resumed its work after the New Year holidays, adopting a number of important laws, while the hryvnia rate pleased with the latest strengthening - these ...
Gazprom Neft Unaffected by US Oracle Sanctions Against Russian Oil Sector - CEO. © Sputnik/ Grigoriy Sisoev. US ... The letter is accompanied by a list of companies subject to sanctions, including enterprises of Gazprom, Rosneft, LUKoil and Surgutneftegaz. Sanctions apply to all the projects with at least ...
MOSCOW, Feb 9 (Reuters) - Russia's Gazprom Neft is considering applying to the finance ministry for a profit-based tax for Novoportovskoe, one of its largest fields, Chief Executive Alexander Dyukov told reporters on Friday. The government approved a new, profit-based tax on the oil industry last year.
MINSK, 7 February (BelTA) – Codest, an Italian company, will become the general contractor for the project to build Gazprom Center in Minsk, BelTA learned from the press service of Gazprom Transgaz Belarus. A relevant package of documents was signed in Minsk. Gazprom Transgaz Belarus will be the ...
Russian oil producer Gazprom Neft has announced that it has tested the distributed ledger technology (DLT) in logistics. Gazprom Neft is the fourth largest oil producer in Russia and ranked third according to refining throughput. It is a subsidiary of Gazprom, which owns about 96% of its shares.
Naftogaz Ukrainy plans during February to implement the decision of Stockholm arbitration under the contract for the purchase and sale of gas with Russia's Gazprom, head of the company Andriy Kobolev has told journalists. “We've held several rounds of negotiations, we have the document that, ...
Eleven months after criticizing Gazprom PJSC for “isolating” the Bulgarian market, the EU's regulator has lauded the Kremlin-backed gas exporter for boosting competition by allowing two-way flows between Greece and Bulgaria. Relations between the EU and Russia had soured after Moscow's annexation ...
MOSCOW, February 7. /TASS/. Gazprom Neft has posted its highest-ever net IFRS net profit of 253 billion rubles (over $4.4 billion at the current exchange rate) in 2017, up 26.5% year-on-year, the company said in its preliminary consolidated IFRS financial statements published on Tuesday. "2017 was a ...
Net profit attributable to Gazprom Neft PJSC shareholders for the 12 months of 2017 is expected to reach RUB253 billion, up 26.5% year-on-year. This growth in key financial metrics in 2017 is due to improved market conditions, the successful development of new initiatives in hydrocarbon production and ...
MOSCOW, February 6. /TASS/. Russia's gas giant Gazprom forecasts that the growth of its investments in the development of the gas industry may stop only after 2019, when the indicator will reach its maximum of 1.4 trillion rubles ($24.5 billion). In compliance with the company's presentation devoted to the ...


 

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