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Lithuania Fines Gazprom $48m USD For Anti-Competitive Behaviour

Lithuania’s competition authority has fined Russia’s Gazprom a record 123 million Lithuanian litas ($48 million), saying that the company had prevented competition in the Baltic state reported Reuters. * Fine is highest ever imposed by the Lithuanian watchdog * Gazprom is Lithuania’s sole supplier of natural gas * Company also …

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Gazprom: Yuzhno-Kirinskoye gas reserves increased 13 per cent – to 636.6 billion cubic meters

On the threshold of Gazprom‘s annual General Shareholders Meeting the Company’s headquarters hosted today the Press Conference “Mineral and Raw Material Base Development. Gas Production. Gas Transmission System Development”. Taking part in the Press Conference were Vitaly Markelov, Deputy Chairman of the Management Committee, Gazprom; Members of the Gazprom Management …

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Russia Ups Ukraine Gas Pressure: Gazprom Tasked to Switch Ukraine to Gas Prepayment

A working meeting took place today among Dmitry Medvedev, Russian Prime Minister, Alexander Novak, Russian Energy Minister and Alexey Miller, Chairman of the Gazprom Management Committee. Alexey Miller informed Dmitry Medvedev that Ukraine’s total debt for Russian gas, including for the past year, totaled USD 3.508 billion. It was pointed out that Ukraine had made …

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South Stream Transport To Sign Contract For Laying First String Of South Stream’s Offshore Section In March 2014

Alexey Miller, Chairman of the Gazprom Management Committee took part today in the South Stream Transport Supervisory Board meeting in Zurich (Switzerland). The Board members approved the signing of a contract for laying the first string of South Stream’s offshore section and a pipe procurement contract for the second string …

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Gazprom and Gazprombank to Jointly Implement Baltic LNG and Vladivostok LNG Projects

An Agreement of Cooperation as part of liquefied natural gas (LNG) projects was signed today at the Gazprom headquarters by Alexey Miller, Chairman of the Gazprom Management Committee and Andrey Akimov, Chairman of the Gazprombank Management Board. According to the Agreement, the parties will cooperate within the Baltic LNG and …

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Gazprom Applying Efficient Cost Management System to Investment Program

The Gazprom Board of Directors took note of the information regarding the Company’s pricing policy for the procurement of goods, works and services as part of the investment program execution, including pricing and further price monitoring. The meeting noted that over the last two years Gazprom had fundamentally restructured the …

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Economic Benefits of Gazprom Group Inventions in 2013 to Exceed RUB 1 billion

The Gazprom Board of Directors approved the Company’s efforts aimed at obtaining and protecting patents for R&D results and technologies. Gazprom pursues a purpose-oriented policy aimed at the effective intellectual property management, while constantly streamlining it in line with the best Russian and international practices. Patent protection of intellectual property …

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Gazprom and Shell Sign Roadmap for a Third Train for the Sakhalin II Project

Sochi hosted today the signing of a memorandum-roadmap between Alexey Miller, Chairman of the Gazprom Management Committee and Ben van Beurden, Chief Executive Officer of Shell. The document envisages the preparation of FEED documentation for the third LNG production train within the Sakhalin II project. “The global LNG market is booming – primarily in Asian countries. Novel LNG …

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Gazprom and OMV Address Cooperation Issues

Sochi hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Gerhard Roiss, Chief Executive Officer of OMV. The parties discussed the bilateral cooperation issues, particularly Russian natural gas supplies to Austria. The meeting touched on the progress with the South Stream project.

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Gazprom Pushing Ahead With South Stream and Southern Corridor Projects

Alexey Miller, Chairman of the Gazprom Management Committee held a meeting dedicated to the South Stream and Southern Corridor projects. It was pointed out that the new route of Russian gas supply meant to increase the reliability of supply to European consumers and mitigate transit risks was being built in compliance with the schedule. Pre-construction activities at the South Stream offshore section are in full swing. An agreement to supply pipes …

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