Oil & Gas Operators

Gazprom: Restarts SPIMEX Gas Trading after Taxation Review

The Gazprom Board of Directors took notice of the information about the development of the exchange gas trading system. The Management Committee was tasked to proceed with this activity. It was pointed out that in 2014 well-coordinated gas trading was launched at the St. Petersburg International Mercantile Exchange (SPIMEX). This is an important step for the Russian gas market development. An increase in the volume of exchange …

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Oil & Gas Operators

Gazprom: Financial Strategy Securing Business Stability

The Gazprom Board of Directors took notice of the information about the Company’s financial strategy, including the funding of the capital investment program. It was pointed out that Gazprom’s continuous monitoring of the global market state ensured the full accordance of the Company’s financial strategy with the real-life situation. A major component of Gazprom’s strategy is shaping up a conservative budget capable of managing …

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Oil & Gas Operators

Gazprom Building Efficient Relationship With Investors and Shareholders

The Gazprom Board of Directors approved the Company’s relations with investors and shareholders. The Management Committee was tasked to further improve this area of activity. Gazprom constantly maintains open and constructive dialogue with members of the investment community and respects the rights and interests of shareholders. The Company submits detailed …

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Oil & Gas Operators

Gazprom: Gaz Supply Meeting – Ukrainian 100usd Discount to End on March 31

A working meeting between Dmitry Medvedev, Russian Prime Minister and Alexey Miller, Chairman of the Gazprom Management Committee took place today. The meeting looked at the passing of the autumn-winter period. Alexey Miller reported that Gazprom had steadily supplied Russian and foreign consumers with gas in winter. Special attention was …

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Oil & Gas Operators

Gazprom: Alexander Kozlov and Vsevolod Cherepanov Re-Elected to Management Committee

The Gazprom Board of Directors held a meeting in absentia. The Gazprom Board of Directors reelected Gazprom Management Committee Deputy Chairman Alexander Kozlov(from March 18, 2015) and Department Head Vsevolod Cherepanov (from March 30, 2015) as the Gazprom Management Committee Members for a 5-year period.

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Oil & Gas Operators

Gazprom Projectirovaniye: Oleg Andreev to Head up New Design Division

Gazprom has resolved to consolidate its design assets in a specialist company, namely Gazprom Projectirovaniye, to be headed by Oleg Andreev. Gazprom Management Committee Chairman Alexey Miller held a meeting in St. Petersburg today to consider the main business activities of Gazprom Projectirovaniye. “As Gazprom delivers new large-scale projects, enhanced requirements are imposed to the quality and timelines of the design process, and, most importantly, this …

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Oil & Gas Operators

Alexey Miller and Vagit Alekperov Address Vital Cooperation Issues

The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Vagit Alekperov, President of LUKOIL. The parties discussed the issues of cooperation while arranging the processing of associated petroleum gas (APG) from the northern group of LUKOIL-Komi fields at the Sosnogorsk gas processing plant (GPP) of Gazprom. It was noted that the work …

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Oil & Gas Operators

Gazprom and Wintershall Address Russian Natural Gas Supply to Europe

The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Rainer Seele, Chairman of the Board of Executive Directors of Wintershall Holding. The parties addressed the main issues of the bilateral cooperation, paying special attention to Russian natural gas supply to Europe. It was pointed out that repeatedly occurring high risks of gas transit …

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Oil & Gas Operators

Gazprom and Ukraine in Dispute Over Gas Supplies and Payment

Kiev (AFP) – Russia’s state-owned gas giant Gazprom warned Tuesday it could cut off gas deliveries to Ukraine within two days, upping the stakes in the crisis there — and threatening supplies to the rest of Europe, The Gazprom announcement came hours ahead of a Paris meeting of the foreign …

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Oil & Gas Operators

Gazprom: Cost Saving Expected to Lead to Budget Surplus

The Gazprom Board of Directors took notice of the information about the progress with implementing the Company’s Investment Program, Budget (Financial Plan) and Cost Optimization (Reduction) Program for 2015. The Investment Program, Budget and Cost Reduction Program comply with the criteria approved by the Board of Directors in December 2014. In addition, Gazprom closely monitors the …

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