Gazprom

Gazprom

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

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FROM RUSSIA WITH NOT A LOT OF LOVE

FROM RUSSIA WITH NOT A LOT OF LOVE Just how tough is Gazprom? As the world's biggest supplier of natural gas, the Russian company has a reputation for hard-nosed bargaining. So when John Hattenberger, chief of the company's new U.S. operation, hired George Thorogood and The Destroyers to play at a party marking the opening of Gazprom's Houston office, he insisted Thorogood leave his Epiphone guitar after the show. "That was clause 19 of the contract," Hattenberger jokes. Today the autographed instrument hangs above Gazprom's trading floor. That's Gazprom with a sense of humor. But more often, its negotiating style is no laughing matter. ... Read Full Story

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

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 weiter an VNG-Anteilen interessiert
FRANKFURT (Dow Jones)--Der russische Energieriese Gazprom zeigt sich zuversichtlich, einen Anteil an Deutschlands drittgrößtem Gashändler Verbundnetz Gas (VNG) verdoppeln zu können, von 5% auf mehr als 10%. "Wir arbeiten seit fast 20 Jahren daran, be  
From finanztreff.de ()
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OAO Gazprom - 2009 Fortune Global 500 Company Snapshot
http://www.companiesandmarkets.com/Summary-Company-Profile/oao-gazprom-2009-fortune-global-500-company-snapshot-167983.asp This report provides an in-depth company profiles covering OAO Gazprom ranked 22 in the 2009 Fortune Global 500 list. All data is gathered from primary source. Reports are available in easily accessible PDF format and data is consistently presented. Data is regularly tracked and enhanced to ensure data on these high...  
From pr-inside.com ()
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Keppel O&M's LNG deal likely with Gazprom
(MOSCOW) Keppel Offshore & Marine Ltd may offer a liquefied natural gas (LNG) supply contract to OAO Gazprom when its exclusive British Gas deal ends, chairman Choo Chiau Beng said.  
From business-times.asiaone.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, ENI Talk Energy Security
Gazprom chief Alexei Miller met with his counterpart at Italy's ENI to discuss diversifying the European energy sector with the South Stream gas pipeline. Paolo Scaroni, the chief executive officer at ENI, met with Miller at the Moscow headquarters ...  
From search.msn.com ()
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Gazprom CEO, Slovak PM agree to begin JV consultations without delay
MOSCOW, November 16 (Itar-Tass) -- Russia’s Gazprom CEO Alexei Miller and Slovak Prime Minister Robert Fico agreed to begin immediate consultations on the creation of a joint venture that will store and sell natural gas in Slovakia. During their ...  
From search.msn.com ()
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Turkmenistan: Gazprom Official Complains About Ashgabat’S Energy ...
Contract difficulties and "technical measures" initiated by Ashgabat are delaying the resumption of Turkmen gas exports to Russia, a Gazprom executive says. An explosion on a gas pipeline in April halted Turkmenistan’s lucrative gas sales to ...  
From search.msn.com ()
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Gazprom says it sold 0.9 bcm of LNG since 2005
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