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Putin and Xi to Discuss Stalled Power of Siberia 2 Pipeline in Moscow – Bloomberg

Despite the revived talks, a final agreement is not expected to be signed during Xi’s visit, sources told Bloomberg.

Gazprom Returns to Profit in 2024 After Record Loss

The company reported a net profit of $14.9 billion last year, reversing a $7 billion loss in 2023, which was its first net loss in a quarter-century.

China Spikes Kremlin’s Proposed Power of Siberia 2 Alternative

The proposal envisioned the delivery of up to 45 billion cubic meters (bcm) of Russian natural gas annually to China via Kazakhstan.

Gazprom Abandons Bolivia’s Azero Project After 16 Years of Unfulfilled Promises

The failure of Gazprom’s Azero venture is more than just an economic footnote; it is a cautionary tale of geopolitical overreach and energy sector overpromising...

Gazprom Plans Major Corporate Overhaul Amid Financial Crisis – FT

Deputy CEO Yelena Ilyukhina is reportedly spearheading a downsizing plan that includes shuttering departments and merging divisions.

Russia Sues Shell for $1.6Bln Over Unpaid 2022 Gazprom Supplies

The lawsuit, filed in a Moscow court, seeks to declare Shell’s exit from the Sakhalin-2 oil and gas project in Russia’s Far East illegal.

Gazprom Announces Senior Personnel Reshuffles

The news comes after Russian media reported that Gazprom was considering laying off 1,600 employees.

Gazprom Weighs Laying Off 1,600 Managers Amid Wartime Losses

Gazprom’s deputy chairman, Sergei Kupriyanov, confirmed reports of the proposed mass layoff but declined to provide additional comments.

Gazprom Reduces European Gas Flows Ahead of Transit Deal Expiration

Gas flows are expected to drop to zero on Wednesday when the five-year transit agreement expires.

Gazprom Shares Tumble to 16-Year Low as Ukraine Transit Winds Down

Gazprom was trading at 106.1 rubles ($1.02) per share on the Moscow Stock Exchange at its lowest point on Tuesday afternoon.

Moldova Declares Energy Emergency Ahead of Expected Russian Gas Cutoff

The move follows Ukraine’s announcement that it will end a transit deal allowing Russian gas to flow to Europe, including Moldova, after Dec. 31.

Putin Drops Demand for Gas Payments Via Gazprombank

The decision comes after Gazprombank was hit with U.S. sanctions last month.

Gazprombank Warns of UnionPay Card Issues Abroad Following U.S. Sanctions

Russian banks began issuing UnionPay cards after Visa and Mastercard suspended services in Russia following the 2022 invasion of Ukraine.

U.S. Targets Gazprombank in New Sanctions Package

Washington accused Gazprombank of facilitating payments for soldiers and enabling Russia’s purchase of military equipment for the war.

Russia To Stop Delivering Gas to Austria – Energy Company

Austria has long been heavily dependent on Russian gas, but its environment minister Leonore Gewessler insisted the energy supply was secure.

Russia to Explore Mega Oil Merger – WSJ

The deal, combining Rosneft, Gazprom Neft and Lukoil would create the second-largest oil producer in the world.

Gazprom Drops From Russia’s Most Profitable Company to Outside Forbes’ Top 100

But Forbes noted that the company’s record loss last year was “more on paper,” as Gazprom’s cash flow remained stable at $24.6 billion.

Gazprom Postpones Arctic Gas Exploration Projects After Record Loss

The move comes amid record losses, Western sanctions in response to the invasion of Ukraine and China's refusal to sign a new contract for Russian gas...

Fire Breaks Out at Gazprom-Owned Oil Refinery in Siberia

Local media reported that residents in various parts of Omsk heard loud explosions shortly before the fire broke out at the facility.

Gas Prices Surge as Ukraine Seizes Key Russian Route to Europe

Gazprom spokesman Sergei Kupriyanov cautioned that some analysts anticipate European gas prices could continue to rise.

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