H1 2018 Top Global Oil and Gas Companies Planned Projects and Capital Expenditure Outlook – Gazprom Leads Global Capex across Oil and Gas Value Chain
Gazprom, China Petrochemical Corp, and Royal Dutch Shell are the top spenders in terms of capex to be spent on planned and announced projects across oil and gas value chain by 2025. In the upstream sector, Shell leads among companies with the highest capex of US$58 billion during 2018 to …
Power of Siberia Gas Pipeline Completed by 90.5 Per Cent, 1,954 Kilometers Built
The Gazprom Board of Directors reviewed and approved the efforts as part of the implementation of the Power of Siberia project and the shaping of gas processing infrastructure in Russia’s Far East. It was noted that Gazprom’s ambitious investment projects in the eastern part of Russia were pivotal to the country’s sustainable social and economic development. By exploring gas reserves and creating gas transmission and processing capacities, the Company works toward …
Gazprom Following Comprehensive Import Substitution Strategy
The Gazprom Board of Directors took note of the information about measures to facilitate the integration of domestically-manufactured equipment and technologies in the production operations of the Gazprom Group. It was highlighted that the Company had been for many years making consistent efforts to reduce the procurements of foreign equipment and technologies in favor of their domestic counterparts. In 2017, the share of Russian materials …
Gazprom’s Sustainable Development Bolstered by Digital Technologies
It was highlighted that advanced digital technologies were among the essential tools for development in the global economy. They make an enormous contribution to the evolution of production industries and business processes, enhancement of corporate governance efficiency, and strengthening of companies’ market positions in various sectors. In January 2008, Gazprom adopted its Informatization Strategy aiming to improve the transparency and …
Gazprom and PetroVietnam Discuss Progress of Joint Projects
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Tran Sy Thanh, Chairman of the Board of Directors of Vietnam Oil and Gas Group (PetroVietnam), took place in Moscow today. The parties discussed a wide range of joint efforts, including geological exploration and hydrocarbon production in Vietnam, as well as the prospects of joint projects in gas-fired power generation, the use of gas as a vehicle …
Gazprom and ChelPipe Discuss Ongoing Cooperation
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Andrey Komarov, Chairman of the Board of Directors of ChelPipe, took place in St. Petersburg today. The meeting addressed the ongoing cooperation, including supplies of large-diameter pipes for Gazprom’s strategic projects. The parties also discussed issues related to joint sci-tech efforts, namely the development of pipes for offshore projects …
Gazprom Becomes First Russian Energy Company to Conduct Independent Audit of Greenhouse Gas Emissions
Gazprom became the first Russian energy company to perform an independent audit review (assurance) of corporate information on greenhouse gas emissions. The audit was carried out by KPMG, an audit and advisory company, in compliance with international standards. The positive results of the independent audit review prove the efficiency of the corporate system for greenhouse gas monitoring, accounting and …
Gazprom’s Financial Information Under International Financial Reporting Standards (IFRS) for the Three Months Ended March 31, 2018
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 three months ended March 31, 2018. The table below presents the unaudited consolidated interim condensed statement of comprehensive income prepared in accordance with IFRS for the three months …
Gazprom and BASF Discuss Joint Gas Production and Transmission Projects
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Martin Brudermueller, Chairman of the Board of Executive Directors of BASF, took place in St. Petersburg today. The meeting covered a broad range of issues related to cooperation between the companies, including joint projects for hydrocarbon development in Russia. Alexey Miller and Martin Brudermueller discussed the active Nord Stream gas pipeline. It was …
Gazprom and RusGazDobycha Discuss Future of Joint Projects
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Artem Obolensky, Chairman of the Board of Directors of RusGazDobycha, took place today at the St. Petersburg International Economic Forum 2018. The parties discussed issues related to bilateral cooperation, including the project for the development of the Parusovoye, Severo-Parusovoye and Semakovskoye fields, as well as the evaluation of the …