Oil & Gas Operators

Gazprom and E.ON Address Implementation of Nord Stream 2 Project

St. Petersburg hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Klaus Schaefer, Member of the E.ON Management Board. The parties deliberated on the cooperation issues including, among other things, gas supplies. Special attention was given to gas transmission projects. Alexey Miller and Klaus …

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Oil & Gas Operators

Gazprom: Import Substitution Efforts Boost Russian Companies

The Gazprom Board of Directors took notice of the information about Gazprom Group’s procurement activity in the new business environment as well as about the import restricting measures. Gazprom has been facilitating the domestic industry development for a long time by giving priority to domestic goods. The import substitution activity …

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Oil & Gas Operators

Gazprom: Working meetings with CNPC and PetroChina held

Beijing hosted today working meetings among Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, Wang Dongjin, Vice President of CNPC and Huang Weihe, Vice President of PetroChina. The parties addressed the progress with the project for constructing the Power of Siberia gas pipeline to supply Russian natural gas to …

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Oil & Gas Operators

Gazprom and Kuwait Petroleum Corporation Sign Memorandum of Understanding

Alexey Miller, Chairman of the Gazprom Management Committee and Nizar Al-Adsani, Chief Executive Officer and Deputy Chairman of the Board of Directors of Kuwait Petroleum Corporation signed a Memorandum of Understanding in Sochi today. The ceremony was held in the presence of Vladimir Putin, President of the Russian Federation and …

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Oil & Gas Operators

GM&TS sign LNG supply agreement with Pavilion Gas

Gazprom Marketing and Trading Singapore (GM&TS) and Pavilion Gas signed an LNG Sale and Purchase Agreement effective for 10 years. The document stipulates LNG supplies from Gazprom Group’s portfolio to Asian countries, including Singapore. “Today’s agreement is a backbone of trading relations with Pavilion Gas, which extends our long-term cooperation with Singapore. This deal reinforces our positions in the …

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Oil & Gas Operators

GM&TS sign LNG supply agreement with Pavilion Gas

Gazprom Marketing and Trading Singapore (GM&TS) and Pavilion Gas signed an LNG Sale and Purchase Agreement effective for 10 years. The document stipulates LNG supplies from Gazprom Group’s portfolio to Asian countries, including Singapore. “Today’s agreement is a backbone of trading relations with Pavilion Gas, which extends our long-term cooperation with Singapore. This deal reinforces our positions in the …

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Oil & Gas Operators

Gazprom: Discusses Sakhalin II Project Development with Mitsubishi

The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Ken Kobayashi, President and CEO of Mitsubishi Corporation. The parties addressed the partnership development within the Sakhalin II project as well as the construction of the third process train at the LNG plant.

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Oil & Gas Operators

Gazprom: Increases Yearly Investment Spending

The Gazprom Board of Directors approved the adjusted Investment Program, Budget (Financial Plan) and Cost Optimization (Reduction) Program for 2015. According to the adjusted Investment Program for 2015, the total amount of investments will account for RUB 1 trillion 043.04 billion, showing a RUB 238.69 billion increase versus the Investment Program approved in December 2014. At the same time, the amount …

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Oil & Gas Operators

Gazprom: Boosting LNG Sales – 17% yoy Increase in Sales

The Gazprom Board of Directors took notice of the information regarding the implementation of the strategy for production and supply of liquefied natural gas (LNG). Among the crucial factors determining the current status of the LNG market were highlighted the following: further growth of demand at promising markets of China, India and Southeastern Asia as well as the emergence of new …

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Oil & Gas Operators

Platts: Russia’s North Pole and Arctic Limits

Calling the oil resources of the Arctic vast is a bit like calling the weather there chilly. It is understandable why a nation would want to claim as much of it as possible. Yet the challenges to harvesting its wealth are also vast, which makes Russia’s move to owning a …

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