Gazprom: Gas Production and Supplies – Results for 11 Months
According to preliminary data, Gazprom produced 467.6 billion cubic meters of gas in January-November of 2021, which is 14.7 per cent (or 60 billion cubic meters) more than in the same period of last year. Gazprom ramped up its domestic supplies from the gas transmission system by 15.8 per cent (or by 30.4 billion cubic …
Gazprom’s Financial Information Under International Financial Reporting Standards (IFRS) for the Nine Months Ended September 30, 2021
Today PJSC Gazprom issued its unaudited consolidated interim condensed financial information prepared in accordance with International Accounting Standard 34 Interim Financial Reporting (IAS 34) for the nine months ended September 30, 2021. The table below presents the unaudited consolidated interim condensed statement of comprehensive income for the nine months ended September 30, 2021 and …
Gazprom: Management Committee Endorses Drafts of Investment Program and Budget for 2022
The Gazprom Management Committee took note of the information about the Company’s preliminary operating results for 2021, the projected investment program and budget (financial plan) for 2023–2024, and the outcomes of the cost optimization (reduction) measures taken by the Gazprom Group in 2021. The Management Committee also endorsed the drafts of the investment program and budget …
Nine Months of 2021: Gazprom Provides Over 53 per cent of Europe’s Gas Imports
Over the first nine months of 2021, amid the growing demand and declining indigenous production of natural gas, Europe’s gas imports increased by 18 billion cubic meters (or by 7.5 per cent) against the same period of 2020. Pipeline gas has been key to meeting the increased demand. Over these nine …
Gazprom’s Production Increase to Cover Lion’s Share of Gas Consumption Growth at Traditional Markets in 2021
The Gazprom Board of Directors took note of the information about the impact of the events of 2021 on the long-term outlook for the global energy market. This year’s most significant trends are economic recovery and growth in energy consumption. According to preliminary estimates, global gas consumption is going to rise by 150 billion cubic meters to 4.2 trillion cubic meters in 2021. …
Gazprom: Increased Attention to Environmental Issues Curbing Shale Industry Growth
The Gazprom Board of Directors took note of the information about the growth prospects of the shale gas and liquefied natural gas (LNG) industries across the world, as well as opportunities and threats facing the Company. It was highlighted at the meeting that only a few countries were producing shale gas in 2020, with the United States accounting for 95 per cent of shale …
Board of Directors Approves Gazprom’s Work on Major Investment Projects
The Gazprom Board of Directors expressed its approval of the Company’s ongoing work on its major investment projects. In the east of Russia, the Company continues pre-development operations at the Chayandinskoye field, which forms the basis for the Yakutia gas production center. Systematic development of gas producing wells is underway at the field, and the construction of auxiliary production …
Gazprom: Expanding Production and use of Liquefied Natural Gas
The Gazprom Board of Directors expressed its approval of the Company’s ongoing projects for the production and supply of liquefied natural gas (LNG). It was noted that the Company’s work in this promising direction will make it possible to strengthen the position of Gazprom in foreign markets and address in a more flexible manner the tasks related to providing reliable gas supplies to domestic consumers. …
Gazprom: Planning to Engage in Pilot Hydrogen Energy Projects Based in Russia
The Gazprom Board of Directors took note of the information about the development of hydrogen production in the Russian Federation and its potential uses. It was highlighted that the development of hydrogen energy in Russia is essential both for the decarbonization of the domestic industry and for exports to the global hydrogen market. This line of activity …
Strategic Cooperation Between Gazprom and ENGIE Underpinned by Long-term Contracts
A working meeting of Alexey Miller, Chairman of the Gazprom Management Committee, with Jean-Pierre Clamadieu, Chairman of the Board of Directors of ENGIE, and Catherine MacGregor, Chief Executive Officer of ENGIE, took place today via a conference call. It was noted that Russia has been a reliable supplier of gas to France for as many as 45 years, …
