Gazprom lowered a target for supplies to Europe this year after missing forecasts for 2011 on a slower than expected recovery. Gazprom lowered a target for supplies to Europe this year after missing forecasts for 2011 on a slower...

Gazprom said Wednesday that it expects to rake in almost $40 billion in last year's profit, a big increase from 2010 but not enough to stop ExxonMobil from spurting into the lead again as the world's most profitable...

Gazprom said Tuesday that it had revised gas prices for several European companies as it seeks to keep its market share in the face of weakening fuel demand due to economic difficulties in the region. Gazprom said Tuesday...

Gazprom Neft will start trading oil this year in Iraq, where it is developing the Badra field. Trading volumes may reach 2.5 million tons a year, or 50,200 barrels a day, deputy chief executive Vadim Yakovlev said late last week. Gazprom Neft and Korea...

Gazprom boosted daily production by 20 percent to 30 percent to 1.6 billion cubic meters per day. Gazprom boosted daily production by 20 percent to 30 percent to 1.6 billion cubic meters per day, RIA-Novosti reported, citing deputy chief...

Gazprom plans to raise Europe-bound gas exports across Belarus by about 13 percent this year after gaining control of the country's pipeline and Ukraine's threats to cut purchases. Gazprom will increase shipments by 4 billion cubic meters this year, chief...

Gazprom Neft plans to almost triple investment to upgrade its Moscow refinery to 20 billion rubles ($630 million) this year. Gazprom Neft spent about 7 billion rubles in 2011, according to an article in the company's corporate magazine published on its...

Gazprom promised to fill the current 10 percent shortfall in gas flows from Russia to Italy by the end of the week, the head of communications at Italian oil and gas group Eni said Wednesday. Gazprom deputy chief executive Alexander Medvedev has given...

Smaller Russian oil companies such as Gazprom Neft and TNK-BP Holding are better buys than their bigger competitors, as they provide higher dividends and have better production prospects, according to Troika Dialog. Smaller Russian oil companies such as Gazprom Neft and TNK-BP...

In the run-up to a fresh round of gas price negotiations Ukraine promised Friday that there would be no resumption of a energy war with Russia, despite an escalating public spat between Gazprom and Kiev's Naftogaz. In the run-up to a fresh round of gas price negotiations Ukraine promised Friday that there would be no resumption of an energy war with Russia, despite an escalating public spat between Gazprom and Kiev's Naftogaz...

Oil output from Russia hit a record high last month thanks to higher pumping rates at Rosneft and Gazprom. Oil output from Russia hit a record high last month thanks to higher pumping rates at Rosneft and Gazprom. Oil production growth in Russia, which is expected to flatten in coming years, again surprised analysts on the upside as it hit a post-Soviet...

The Finance Ministry hasn't started discussing tax breaks for the Gazprom-led Shtokman venture two months before an investment deadline because the operator hasn't submitted profitability estimates. The Finance Ministry hasn't started discussing tax breaks for the Gazprom-led Shtokman venture two months...

Gazprom said its power utilities' net income under Russian accounting standards fell 13 percent to 14.9 billion rubles ($496 million) because of higher fuel prices and financing expenses. Electricity output declined 1.1 percent to 173 billion kilowatt-hours...

... are supported by the new leadership in North Korea," Russian Ambassador Valery Sukhinin said Friday in a phone interview from the North Korean capital. "Talks now are taking place between the parties implementing the project. From our side Gazprom, and from the North Korean side the oil industry ministry." Gazprom is the state-run Russian gas export monopoly. Kim's father, Kim Jong Il, who died in December, agreed to the gas pipeline at a meeting in August with Russian President Dmitry...

Japan is a likely market for liquefied natural gas from the giant Shtokman field in the Barents Sea, slated for development by a consortium led by Gazprom, the head of the Russian gas export monopoly said Monday. "The Japanese market is the biggest LNG market in the world and considering the decision by the Japanese government to reduce nuclear power generation, the demand for LNG into Japan...

... money," she said. It was a brutal winter storm that caused the Kolskaya to sink beneath the waves as it was being towed to Vietnam after a three-month stint out to sea in the Far East. But the story of the doomed oil rig begins in April 2011, when Gazprom subsidiary Gazflot commissioned state-run, Murmansk-based drilling company Arktikmorneftegazrazvedka, or AMNGR, to drill for oil on a shelf 200 kilometers off the coast of Sakhalin. The AMNGR platform, the Gazprom Kolskaya, arrived in Magadan...

Gazprom said it has pushed forward the start of construction of the South Stream pipeline, designed to bypass countries such as Ukraine through which Russian natural gas is now piped to Europe. "The plan ... will allow us to start the gas pipeline...

KRASNAYA POLYANA, Krasnodar Region — Gazprom said it signed a deal with the Azeri national energy company, Socar, to increase Russian purchases of Azeri gas to 3 billion cubic meters per year. The deal was an addendum to a 2009 supply deal, which initially envisaged 500 million cubic meters...

... meters of LNG. "We can supply about 11 million tons of gas per day, which is about the amount Lithuania consumes on a winter day," said Rokas Masiulis, general manager of Klaipedos Nafta. "That means we would be able to meet demand if Gazprom halts all gas supplies," he added. The contract, which is to be signed in February, would be based on a 10-year leasing period after which Klaipedos Nafta will have the right to purchase the FSRU, Klaipedos said. The other companies that...

.... "We have a huge threat in the energy sector. Where we're moving in the energy sector now creates colossal systemic risks for the development of the economy," he said. Gref proposed to allow more competition in gas production, eliminating Gazprom's monopoly. He said gas manufacturing is likely to become a mass technology soon, like in the United States, where public transport is gradually switching to using gas. Gazprom's share in domestic gas output reached 76 percent last year, Bloomberg...