Gazprom could again increase its investment program for this year, after recently announcing plans to raise investment spending by 8.5 percent to $27 billion. Gazprom could again increase its investment program for this year in the next few months,...
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Gazprom Earned $45Bln in 2011 as Tax Man Looms
Gazprom earned nearly $45 billion last year, up 35 percent and beating market expectations thanks to rising production and prices — figures that show why it has become such a tempting tax target. Gazprom earned nearly $45 billion last year, up...
Gazprom Exports to Europe Down 12%
Gazprom's exports to Europe fell 12 percent in the first four months of 2012, calling the company's annual plans to export 150 billion cubic meters of gas into question, a source told Kommersant, confirming an earlier report by Reuters. Gazprom's exports...
Report: Gazprom Export Head Skips Board Meeting to Attend Hockey Match
Gazprom Export chief Alexander Medvedev reportedly missed a board of directors meeting this week because he was at the finale of the championship series of Russia's Continental Hockey League. Gazprom Export chief Alexander Medvedev...
Tax Proposal Could Stifle Gazprom Production
Gazprom could have to put on ice its plans to develop more Arctic fields in light of a proposal that the Cabinet backed earlier this week to raise taxes on the industry. Gazprom could have to put on ice its plans...
Gazprom and Japan Discuss Pipeline
... Japan and a former foreign minister, said at a news conference in Moscow, RIA-Novosti reported. Since the tsunami cast a shadow on Japan's nuclear-power future, the island country has increased its purchases of liquefied Russian gas originating at the Gazprom-controlled Sakhalin offshore fields. Pipeline gas is generally cheaper than the liquefied commodity that Japan receives by tankers. But pipelines deprive the supplier of flexibility and typically require elaborate long-term contracts. Maehara...
Gazprom Puts a Number on Extra Sales to Japan
... a response to the nuclear plant emergency there. Russia shipped a fifth of its overall liquefied natural gas production to Japan last year, in addition to the originally planned volume, as a response to the nuclear plant emergency there, a Gazprom-controlled company said Saturday. "We responded in a timely manner to the energy needs of our neighbor, which dramatically rose last year in view of the devastating tsunami and the Fukushima disaster," Andrei Galayev, chief of the Sakhalin...
Rotenberg's Stroigazmontazh 2011Revenue Up More Than 50%
Thanks to orders placed by Gazprom, Arkady Rotenberg's construction business is growing by leaps and bounds. Thanks to orders placed by Gazprom, Arkady Rotenberg's construction business is growing by leaps and bounds. Last year's Stroigazmontazh financial information...
Putin Tells Shtokman Partners to Decide Faster
President Vladimir Putin urged partners in the Gazprom-led Shtokman gas project to speed up a final investment decision. President Vladimir Putin urged partners in the Gazprom-led Shtokman gas project to speed up a final investment decision. "So far, there has been no final decision...
Safety, Cost Meet Head On in Arctic Oil Race
... conditions for business," Lukin said. Risky Venture Russia's first step in tapping the vast Arctic resources is exploration of the Prirazlomnoye oil field in the Barents Sea with estimated reserves of 72 million tons. The work — to be started by Gazprom this year — will be conducted from the Prirazlomnaya platform, Russia's first oil-drilling platform designed for offshore projects in the Arctic. The platform — ordered by Gazprom and built at Sevmash in Severodvinsk — was delivered...
Sung, Jinseok
... of Employment:</b></td><td>Administration / Office</td></tr> <tr><td valign="top"><b>Employment history:</b></td><td><p><b>Interpreter</b><br>Gazprom<br>Interpretation of negotiation between Gazprom and Kogas<p><b>Interpreter</b><br>Gazprom<br>Interpretation and support for Gazprom trainings of Kogas trainees in Yamal, Siberia...
Putin Order Gives Nod to Energy Assets Sale
President Vladimir Putin on Thursday ordered the government to approve a plan to sell assets held by state energy holding company Rosneftegaz in 2013-15, paving the way for the sale of stakes in Gazprom and Rosneft. President Vladimir Putin on Thursday ordered the government to approve a plan to sell assets held by state energy holding company Rosneftegaz in 2013-15, paving the way for the sale of stakes in Gazprom and Rosneft. The decree appeared...
Oil Production Drops Slightly
Russian oil production edged down 0.3 percent to 10.33 million barrels per day in April, to it's lowest this year, after Gazprom trimmed output due to a refinery maintenance closure. Russian oil production edged down 0.3 percent to 10.33 million barrels per day in April, to it's lowest this year, after Gazprom trimmed output due to a refinery maintenance closure...
China Makes New Gas Proposal
... model of cooperation." Earlier in the day, the chairman of China National Petroleum Corp., Jiang Jiemin, reiterated to an economic conference that most of the key points of a gas deal were agreed. "We have signed a buy-sell agreement with Gazprom," Jiang said, singling out the deal among successful ventures, including a loans-for-oil deal, under which China receives 300,000 barrels per day via a dedicated pipeline, and joint oil exploration in Siberia. Under the terms of the gas deal...
Capturing Emissions Key to Russian Gas in Europe
... agreement, which it has been negotiating with Moscow since 2008. Relations between the two sides have often been tense as the commission seeks to reduce its dependence on Russia and to liberalize its internal market. Russian pipeline gas-export monopoly Gazprom has taken issue with EU law requiring a separation in ownership between suppliers and infrastructure, such as the Nord Stream pipeline, majority-owned by Gazprom and running from Russia to Germany. Gazprom is also leading the South Stream pipeline...
Trends on the Russian M&A Market: Theory vs. Practice
... some money. With expectations for privatization delayed Bankers are in search of other m&A ideas. In theory, Russia is an M&A paradise. There is an abundance of innovative ideas. Theoretically, if you're a tycoon and you are bold enough, you can buy Gazprom, LUKoil, TNK-BP, Uralkali or Norilsk Nickel, financing the purchase with collateral and then paying out the loan from the company's dividend stream. You can spend $30 billion buy Surgutneftegaz, which owes $30 billion in cash and then get oil...
Putin Orders Sechin Back to Rosneftegaz Board
... Vladimir Putin ordered Igor Sechin to be included on a list of candidates for the chairmanship of state-owned Rosneftegaz, according to materials published on the government’s website Thursday. Rosneftegaz owns shares in Rosneft (75.16 percent) and Gazprom (10.74 percent) on behalf of the state. Sechin resigned as chairman of the holding company last year in line after a directive from then-President Dmitry Medvedev for government ministers to leave the boards of state companies. Sechin also resigned...
For the Record
Moscow electricity provider Mosenergo, controlled by gas export monopoly Gazprom, said Saturday that its board of directors has recommended a 2011 dividend of 0.03 rubles per share, up from last year's 0.02 ruble payout, for a total payout of 1.2 billion rubles ($39.7 million). (Reuters) The government has extended the contract...
Total Still Expects Lead Foreign Investor Role in Shtokman
... trillion cubic meters of gas below the Barents Sea — more than the entire reserves of gas-rich neighbor Norway — would end nearly two decades of false starts with two successive groups of investors. The current consortium, which is led by Gazprom and also includes Norway's Statoil, is now expected to drop plans to pipe half of Shtokman's gas to Europe in favor of a liquefied natural gas plant that could ship super-cooled gas to a wider range of markets. However, plans for a redesign have...
For the Record
... to unsatisfactory market conditions. (MT) Mechel said Thursday that its 2011 net profit reached $727.9 million, up 10.8 percent from 2010. (Reuters) Novatek is in talks with the government to receive the right to export gas, which is currently a Gazprom monopoly, Kommersant reported Thursday. (Reuters) Ingosstrakh shareholders approved a board without minority representation at their annual meeting Thursday, Interfax reported. (MT) Scartel, which operates under the Yota brand, has commercially...