Shell May Join Shtokman Gas Project in Russia’s Arctic
Royal Dutch Shell may join Russia’s Arctic Shtokman gas project, with Gazprom keeping its majority stake, several sources told Reuters on Friday. “Talks regarding Shell’s participation in Shtokman are under way … There are different project configurations under discussion now but Gazprom will keep a 51 percent stake,” a source …
Severneftegazprom Produces One Hundred Billionth Cubic Metre of Gas
At the Yuzhno-Russkoye oil and gas field on May 17 the one hundred billionth cubic meter of gas was produced. “We will not stop at what has been accomplished: 100 billion is just the beginning. I am sure that with our professional team, modern technologies and efficient management we will …
Gazprom and Bulgaria Implementing South Stream According to Schedule
The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Delyan Dobrev, Bulgarian Economy, Energy and Tourism Minister. The meeting addressed the current status of the Russian-Bulgarian cooperation in the energy sector. The focus was placed on the South Stream project implementation. The meeting participants underlined that the project was …
Gazprom and GDF SUEZ Address Current Cooperation Status
The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Jean-Francois Cirelli, Vice Chairman and President of GDF SUEZ. The parties discussed the current situation in the global gas market and the partnership between the two companies in the energy sector. In addition, the meeting participants noted significant progress …
Gazprom and members of Japanese Parliament discuss prospects for gas supplies buildup
The Gazprom Export headquarters hosted today a working meeting of Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee, Director General of Gazprom Export with a parliamentary delegation representing the ruling Democratic Party of Japan, with Seiji Maehara, Member of the House of Representatives, Chairman of the Party’s Policy Affairs Research Council at the lead. The meeting addressed the current cooperation of Gazprom …
Gazprom reports its 2011 financial results under IFRS
On April 27, 2012 OAO Gazprom issued its audited consolidated financial statements prepared in accordance with International Financial Reporting Standards for the year ended December 31, 2011. Sales (net of VAT and customs duties) increased by RUB 1,040,036 million, or 29%, to RUB 4,637,090 million in the year ended December 31, 2011 compared to the year ended December 31, 2010. More …
Gazprom: Itochu Corporation ready to expand cooperation
The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Eizo Kobayashi, President and Chief Executive Officer of Itochu Corporation. The parties discussed the status of joint projects as well as possible ways and areas of the cooperation expansion. In particular, the meeting summed up the interim results of the joint efforts within …
Gazprom to Increase Oil Production by 48.4% to 80 million Tons by 2020
The Gazprom Board of Directors reviewed the efficiency of Gazprom’s oil business and addressed the proposals on boosting oil production volumes. The Board of Directors approved the work done within Gazprom’s Oil Business Strategy, with Gazprom Neft being primarily responsible for this sector. It was highlighted that Gazprom was among the domestic oil industry leaders. Between 2006 and 2011 the annual …
Gazprom and Novatek Sign Co-Operation Agreement for Yamal LNG
Gazprom and NOVATEK have signed a Memorandum of Cooperation, according to which they address possible establishment of joint ventures to build up integrated capacities on liquefied natural gas (LNG) production on theYamal Peninsula and joint development of the available resource base on the Gydan Peninsula. Field Pre-Development Scheme for the Ob & Taz Bays For the purpose of increasing LNG production on the Yamal Peninsula …
Gazprom Group increases annual oil production by 18 per cent from 2006 to 2011
The Gazprom Management Committee reviewed the performance of the Gazprom oil business and addressed the suggestions on increasing the oil production volumes. It was noted that Gazprom was among the leaders of the domestic oil industry. Between 2006 and 2011 the annual oil production by Gazprom Group (accounting the oil volume produced by affiliates and joint ventures, in proportion to the ownership …