Gazprom & Russian Gas Production Overview & Future Developments
In the first part of this article, we look at reserves and major projects for the Russian upstream gas sector. In part 2, to be published in the next issue of ROGTEC Magazine, the article will conclude by looking at the production outlook, including market risks. One of the conundrums …
Gazprom and UniCredit Sign Credit Agreement Worth EUR 390 million
Gazprom and UniCredit Bank signed a bilateral credit agreement worth a total of EUR 390 million in Vienna yesterday. The agreement is of great historical significance both for promoting the mutually beneficial relations between the two companies and for wider cooperation of Gazprom with financial communities of Italy and the entire Europe. Gazprom’s delegation was led by Andrey Kruglov, …
Saipem: Yet to Receive Formal Notice of South Stream Cancellation
With reference to the contract for the construction of the South Stream pipeline, Saipem notes the statements made by the Russian authorities and Gazprom’s chairman in the media. Saipem states that it has not received any formal notice of termination of the contract from the client, South Stream Transport BV. …
South Stream: Alexey Miller – “The Project is over.”
President Vladimir Putin said Russia scrapped a proposed $45 billion Black Sea pipeline to carry gas to Europe, the latest sign economic ties with the European Union are breaking down as the Ukraine crisis persists. Shelving the South Stream project ensures pipelines through Ukraine will remain vital supply links to …
South Stream: Alexey Miller – "The Project is over."
President Vladimir Putin said Russia scrapped a proposed $45 billion Black Sea pipeline to carry gas to Europe, the latest sign economic ties with the European Union are breaking down as the Ukraine crisis persists. Shelving the South Stream project ensures pipelines through Ukraine will remain vital supply links to …
Ukraine Gas Supplies in Doubt as Russia Seeks EU Payment Deal
Ukraine’s efforts to unblock deliveries of Russian gas as winter sets in were deadlocked on Thursday as Moscow’s negotiators were quoted demanding firmer commitments from the European Union to cover Kiev’s pre-payments for energy. EU-hosted talks were adjourned after running late into the night, Energy Minister Alexander Novak and the head …
Gazprom: Board of Directors Approves the Adjustments to the Investment Program, Budget and Cost Reduction Program for 2014
The Gazprom Board of Directors approved the adjusted Investment Program, Budget (Financial Plan) and Cost Optimization (Reduction) Program for 2014. According to the adjusted Investment Program for 2014, the total amount of investments will make up RUB 1 trillion 026.15 billion, which is a RUB 220.146 billion increase as compared …
Gazprom: Gas Sales To Ukraine and Beyond – Naftogaz Owes $5.3bn USD
The Board of Directors addressed the information about the state and prospects for the relationships between Gazprom and Ukrainian business entities in the gas sector. It was noted that Naftogaz of Ukraine’s gas debt to Gazprom amounted to some USD 5.3 billion. Owning to persistent non-payments, Naftogaz of Ukraine was …
Gazprom Q1 Results: Sales Up 7%
Today 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, 2014 Net sales of gas increased by RUB 6,133 million, or 1%, to RUB 909,952 million in the three months …
TNGG: APG Utilization at Russian Oil Fields
M. N. Gagarin (LLC TyumenNIIgiprogaz) In the Russian Market, there are almost no widely available cheap technologies to collect and process associated petroleum gas, or APG. Similar technologies and projects can be found abroad, but these can be very expensive and would also need to be adjusted to Russian climatic …