Gazprom

The Gazprom Board of Directors took note of the information about the impacts of the events of 2018 on the long-term outlook for the global energy market. It was highlighted that the growth in natural gas consumption around the world continued unabated. In 2016–2017, it added more than 3 per cent on a yearly basis. The growth rate for 2018 may be even higher. One of the …

The Gazprom Board of Directors took note of the information about the prospects of the shale gas and liquefied natural gas (LNG) sectors around the world, as well as the opportunities and threats facing the Company. It was highlighted that, as in the past, shale gas production was concentrated almost entirely in the United States. However, there is still a high level of uncertainty …

Gazprom is the top spender among all oil and gas companies in the Former Soviet Union (FSU), in terms of new build capital expenditure (capex) to be spent on planned and announced projects across the oil and gas value chain during 2018–2025, according to leading data and analytics company GlobalData. …

Gazprom and China Petrochemical Corp (Sinopec) are the top spenders among global oil and gas companies, in terms of new build capital expenditure (capex) to be spent on planned and announced projects across the oil and gas value chain during 2018–2025, according to leading data and analytics company GlobalData. The …

Azerbaijan’s state oil company SOCAR is in talks with Russia’s Rosneft, Gazprom and Novatek over the development of an oil field in Russia, SOCAR Vice President Elshad Nasirov told reporters Nov. 1 in Minsk, Reuters reported. Nasirov also said that SOCAR had proposed extending its gas contract with Gazprom to …

The Gazprom Board of Directors approved the revised investment program and budget (financial plan) for 2018. The key figures of the investment program did not change compared to the version approved by the Gazprom Management Committee in September this year. Pursuant to the revised investment program for 2018, the overall amount of investments will stand at RUB 1,496.328 billion, which is RUB 217.498 …

The Gazprom Board of Directors commended the efforts of the Company to implement its major investment projects. The Company continues to pursue the extensive Eastern Gas Program and to build facilities associated with supplying gas to domestic consumers and to China. In particular, 127 producing gas wells were drilled at the Chayandinskoye field, the linchpin of the Yakutia gas production center. Also underway is the installation of the …

The Gazprom Board of Directors took note of the information about the implementation of occupational standards at the Company, its subsidiaries and organizations. It was mentioned that highly skilled personnel was a key competitive advantage for Gazprom. The Company makes systematic efforts for human resources development, including the timely improvement of the professional skills and competencies of employees in accordance with …

The Gazprom Board of Directors held a meeting in absentia. The Board of Directors reelected Oleg Aksyutin, Head of Department, as a Member of the Gazprom Management Committee for a 5-year period starting from November 5, 2018.

From 2 to 5 of October, the 8thSt. Petersburg International Gas Forum took place in St. Petersburg. This year, the Forum reached a record high with 16,500 visitors, including 5,000 delegates from 51 countries. At the exhibition, 510 companies from 18 countries presented their solutions for the gas industry. In the welcoming speech at …