Gazprom

Gazprom

News and info about Gazprom, the Russian state-controlled gas company.

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Russia, China say will work on financial crisis

From:   www.ap.org
China, Russia and other members of a regional security group pledged Wednesday to work together to combat the global economic crisis and find ways to increase cooperation on financial issues. A document signed at the meeting of the Shanghai Cooperation Organization said the group's members should focus on a joint response to the global financial crisis and a common post-crisis strategy. "We must use the potential of our cooperation for post-crisis development," said Russian President Vladimir Putin. Chinese Premier Wen Jiabao voiced hope the meeting created "a unique opportunity for exchanging opinions and working out a specific plan." "China pays great attention to the ... Read Full Story

Gazprom buys former Yukos assets from ENI, Enel

From:   www.afp.com
Russia's Gazprom said on Wednesday that it had completed the 1.6-billion-dollar purchase of 51 percent of SeverEnergia, which owns former assets of the bankrupt Yukos oil firm, from Italy's ENI and Enel. "Today Gazprom completed the deal for the acquisition of 51 percent of SeverEnergia," the state-controlled gas giant said in a statement. Gazprom put the size of the deal at 1.6 billion dollars (1.1 billion euros) and said the Italian firms would now own 49 percent of SeverEnergia, which had previously been 60-percent owned by ENI and 40-percent by Enel. SeverEnergia holds licences for exploration and production of oil and gas in western ... Read Full Story

Gazprom's 1Q profit down 62 pct to $3.3 bln

From:   www.ap.org
Russian gas monopoly Gazprom on Wednesday reported a 62 percent drop in net profit for the first quarter of 2009, when the company was hit hard by disruptions of gas supplies to Europe and the plunging value of the ruble. Net profit at the world's largest gas producer dropped to 103.7 billion rubles ($3.3 billion) during the January-March period from 273.4 billion a year earlier. Sales rose 2 percent to 931.4 billion rubles ($29.7 billion). The company reported a 140.4 billion ruble ($4.5 billion) foreign exchange loss as the ruble's value declined dramatically since last fall, when Russia entered its first recession in a ... Read Full Story

Gazprom oil arm wins control of Sibir Energy

From:   www.afp.com
The oil subsidiary of the world's biggest gas company Gazprom has won control of London-listed Russian oil producer Sibir Energy after taking over one of its shareholders, the press said. Gazprom Neft on June 22 acquired 100 percent of the shares in the Orton Oil Company, which in turn held a 50-percent stake in the firm Bennfield, one of Sibir's biggest shareholders, Gazprom Neft said in a statement. According to the Interfax news agency and Vedomosti newspaper, Bennfield holds a 46.7 percent stake in Sibir Energy. The transaction means that Gazprom Neft has now hiked its stake in Sibir Energy to a controlling 57.5 ... Read Full Story

RUSSIA: Igor Levitin announced MEGA PROJECT a new seaport to Sakhalin

Written by bajaenergyblog on
Transportation Minister Igor Levitin announced yesterday that a new seaport would be built in the Sakhalin village of Ilyinsky to serve the future development of hydrocarbon deposits off the shores of the island. He cited the need to provide transportation in connection with Sakhalin projects 3 through 9. The new port, he said, would be served by oil and natural gas pipelines that will make hydrocarbon transportation for future projects 10-15 percent cheaper than for Sakhalin 1 and 2. The port will also serve general uses and will cost 82 billion rubles ($3.2 billion), of which the government will provide 37 billion rubles. At ... Read Full Story
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Gazprom holds South Stream talks with Eni
MOSCOW, Nov. 11 (UPI) -- Executives from Italian giant Eni and Russian gas monopoly Gazprom met in Moscow to discuss the preliminary framework for the South Stream gas pipeline.  
From rss.upi.com ()
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Eon will Gasbezug flexibilisieren - Verhandlungen mit Gazprom schwierig
DÜSSELDORF (dpa-AFX) - Der Energiekonzern Eon reagiert auf die schwierige Lage in seinem Gasgeschäft. Bei der Tochter Ruhrgas werde jeder Stein auf der Suche nach Verbesserungen umgedreht, sagte Konzernchef Wulf Bernotat am Mittwoch bei einer Telefo  
From finanztreff.de ()
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Deal with Gazprom "won't change"
The realization of the technical agreement between Gazpromneft and the Serbian government will not change. This is regardless of an auditing report about RSD 8bn in losses that the Oil Industry of Serbia (NIS) – now owned by Gazprom – suffered in 2008, Minister for Energy and Mining Petar Škundrić stated.  
From b92.net ()
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Video: Gazprom's Medvedev Expects Natural Gas Demand to Recover: Video
Nov. 10 (Bloomberg) -- Alexander Medvedev, deputy chief executive officer of OAO Gazprom, talks with Bloomberg's Hans Nichols about the outlook for natural gas demand. Medvedev also discusses off-shore drilling in the Arctic region and the National Hockey League. Medvedev is president of Russia's Kontinental Hockey League. (Source: Bloomberg)  
From wpi.clipsyndicate.com ()
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Ukraine Naftogaz to pay Russia Gazprom gas bill
Reuters reported that Ukrainian state energy firm Naftogaz will pay Russia Gazprom for October gas. Naftogaz must pay about USD 460 million by November 7th. A Naftogaz spokesman said "We are working on the payments. We have no reason not to pay ...  
From search.msn.com ()
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Gazprom confirms Ukrainian gas payment for October
RIA Novosti reported that Russian energy giant Gazprom confirmed on Monday that Ukraine Naftogaz had paid in full for Russian natural gas supplies in October. A Gazprom spokesman said "Naftogaz has paid in full for gas supplies in October." Ms Yulia ...  
From search.msn.com ()
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Gazprom may fine EU buyers for not taking contracted volumes
Gazprom could fine European consumers for falling short of contracted purchase volumes by 8-9 billion cubic meters of gas, an executive at the Russian gas monopoly said on Monday.  
From en.rian.ru ()
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Gazprom says it sold 0.9 bcm of LNG since 2005
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