US Sanctions: Could Impact Shell's Decision on Yuzhno-Kirinskoye and Sakhalin 3
Royal Dutch Shell’s plans to build a strategic alliance with Russia’s Gazprom could be in jeopardy after the United States added one of Gazprom’s biggest gas fields to its list of Russian sanctions on Friday. Shell and Gazprom signed an agreement in June to develop a strategic alliance in the …
Gazprom: Q2 Results – Sales Down but Offset by Positive Exchange Rates
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, 2015. The table here presents the unaudited consolidated interim condensed statement of comprehensive income prepared in accordance with IFRS …
Gazprom: To work with BASF Nord Stream II Project
Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and Hans-Ulrich Engel, Member of the BASF Board of Executive Directors signed in Berlin today a Memorandum of Intent stipulating the cooperation within the project for constructing the Nord Stream II gas pipeline. The document reflects the parties’ intents to implement …
Shtokman: Returns to All Russian Ownership
French company Total’s failed adventure in the Barents Sea comes to end as Gazprom buys its 25 percent stake in the Shtokman Development AG. Total and Gazprom during the recent St.Petersburg Economic Forum agreed that the latter would buy the former’s stake in the development company. With the deal, the …
Gazprom: To Spend RUB 10.8bn on R&D
The Gazprom Board of Directors approved the report on the progress in 2014 with Gazprom’s Innovative Development Program until 2020. Gazprom Group continues earmarking considerable funds for financing research and development (R&D) activities. In 2014 a record-breaking amount in the whole Company history – RUB 10.82 billion – was devoted …
Gazprom: To Spend RUB 10.8bn on R&D
The Gazprom Board of Directors approved the report on the progress in 2014 with Gazprom’s Innovative Development Program until 2020. Gazprom Group continues earmarking considerable funds for financing research and development (R&D) activities. In 2014 a record-breaking amount in the whole Company history – RUB 10.82 billion – was devoted …
Naftogaz Suspends Gas Purchases from Gazprom Starting from 1 July Until Supply Conditions Are Agreed
Naftogaz suspends purchases of natural gas from Gazprom starting from July 1, given the expiration of the 2nd quarter terms package and the absence of agreed supply conditions for the upcoming periods. The delivery of Russian gas via Ukraine to Gazprom’s clients in the EU and Turkey will continue in …
Putin: Ukrainian Gas Discount Not Possible
President Vladimir Putin said on Wednesday Russia could not provide Ukraine with the gas price discount it once had, days before Russia, Ukraine and the European Union will meet for another round of gas talks. Putin told a government meeting that the gas price for Ukraine should be in line …
Turkey issues permit on surveys for Turkish Stream
Turkey has issued a permit on engineering surveys for the offshore section of Turkish Stream. The document stipulates that investigations will be carried out within the exclusive economic zone and territorial waters of Turkey in order to place the first offshore string of the gas pipeline. The offshore section of Turkish Stream will consist of four strings, each with a throughput …
Gazprom Agrees To Buy LukOIL’s Gas
Today Vagit Alekperov, OAO LUKOIL President, and Alexey Miller, OAO GAZPROM Chairman of the Board, held a working meeting at the Saint Petersburg International Economic Forum. The parties discussed the implementation of the General Agreement on strategic partnership and, in particular, on the purchase of gas produced by LUKOIL. The …