Russian gas for Slovenia
A contract for supply of gas was entered into to between Russia and Slovenia today in Ljubljana. Gazprom entered with Slovenia. This new contract provides for annual supplies of 600 million cubic meters of gas by Gazprom from January 1, 2018 to January 1, 2023. Alexander Medvedev…
New Gas Dispute Between Ukraine and Russia Begins
Russia's Gazprom refuses to restart supplies to Ukraine; Ukraine's Naftogaz demands compensation. Kiev and Moscow plunged into a new gas dispute on Thursday after Ukraine's Naftogaz demanded compensation for Gazprom's unexpected decision not to restart gas supplies. The row threatens…
Gazprom Says Progress Made in EU Anti-trust Talks
Gazprom said on Friday that anti-trust talks with the European Competition Commissioner Margrethe Vestager had made progress. The Russian state-controlled company is fighting allegations of overcharging customers and blocking East European rivals in contravention of EU rules. It denies the allegations.
Gazprom eyes Rival TAP Pipeline
TAP aims to reduce EU dependence on Russian gas, but Gazprom could gain access via open auction. Gazprom's bid to tap into a pipeline meant to wean Europe off Russian gas threatens to undermine a pillar of European energy policy and slow plans to develop rival deposits in the east Mediterranean.
Gazprom Files Proposals to EU Aimed at Ending Antitrust Case
Russia's Gazprom said on Tuesday it had filed proposals with the European Commission aimed at resolving a five-year EU case over the Russian gas giant's alleged monopoly practices. The Russian state gas exporter, which supplies a third of the EU's gas, has been on the European Commission's radar since 2012…
Gazprom, EU in Final Leg of Talks, Aiming for Oct Deal
Russian gas producer Gazprom may be able to resolve EU antitrust charges of abusing its market power in eastern Europe by the end of October as it enters the final phase of talks with regulators, a person familiar with the matter said on Friday. The Russian state-controlled company…
Gazprom Discovers New Gas Deposit in Sea of Okhotsk
Gazprom said on Thursday it had discovered a new gas deposit during exploration at the Kirinskoye field in the Sea of Okhotsk near Russia's Sakhalin island. The field is crucial for Gazprom's plans to raise liquefied gas production at its Sakhalin-2 plant on the island. It has not disclosed the reserves of the newly discovered deposit.
Gazprom Wants More Than 25% of OMV North Sea Assets
Gazprom wants more than 25 percent of OMV's Norwegian North Sea holding company but is being prevented from taking a larger stake by Norway, the Russian company's deputy told Reuters on Thursday. Under an asset swap plan, Austrian energy company OMV is due to get a 24.9 percent…
Gazprom Prepares Cold Reception for US Super-cooled Gas
Liquefied natural gas (LNG) from the United States is set to do battle in Europe but Russia's Gazprom is setting the stage, preparing a cold reception for the super-cooled gas set to cross the Atlantic. A weakened rouble has lowered Gazprom's production costs by a fifth while…
Gazprom Actively Pursuing East Russian Projects
During the Press Conference held today held at the Company's headquarters prior to the annual General Shareholders Meeting the press was informed that Gazprom is actively implementing large-scale projects in eastern Russia. It was stated that the Company is committed to expanding its resource base.
Gazprom: China's Gas Consumption to Double
Russia's top gas producer Gazprom expects China's gas consumption to more than double, deputy CEO Alexander Medvedev said on Tuesday, suggesting the company is still counting on robust growth in demand in China even as the economy slows. As part of Russia's strategic shift eastwards prompted by rows with the West…
Gazprom: No Need for EU Price War, no U.S. LNG Threat
Exports to EU and Turkey may exceed 165 bcm; expects sales to reach $28 billion. Russia's Gazprom sees no need to wage gas price wars in Europe to squeeze out rivals, including expected liquefied natural gas (LNG) from the United States, Deputy Chief Executive Alexander Medvedev said on Tuesday.
Gazprom Sees 2016 Export to Europe at Around 165 bcm
Russia's Gazprom plans to export around 165 billion cubic metres of gas to Europe this year, the firm's deputy chief executive Alexander Medvedev told reporters on Thursday. He added that the average gas price for the year was seen at $167-$171 per 1,000 cubic metres. Medvedev…
Gazprom Deputy CEO to Meet EU's Vestager
Gazprom Deputy Chief Executive Alexander Medvedev plans to meet European Competition Commissioner Margrethe Vestager after May 10, Interfax news agency reported, citing Medvedev, on Tuesday. Gazprom and the European Commission are moving towards a "mutually acceptable" solution…
Gazprom: No Need for Europe Price War
A top official at Russian gas giant Gazprom played down the prospect of deliberate price cuts in the face of an expected influx of alternative fuels on Thursday. Gazprom deputy head Alexander Medvedev said there was no need for a price war over European gas markets, although if…
Kremlin's Long-term Gas Deals in Europe Intact For Now
Russian gas giant Gazprom will lower its prices to keep European customers locked into long-term supply contracts, maintaining an arrangement that has for decades helped Moscow secure political leverage in Europe. But Russia will only be able to preserve its long-term contracts…
Gazprom Downplays U.S. LNG Impact on European Gas Market
An expected influx of liquefied natural gas (LNG) from the United States will not materially alter Europe's gas pricing picture, Alexander Medvedev, deputy head of Russia's gas giant Gazprom, said on Monday. He said that it would be costly for the US to ship its LNG to Europe and that its imports would be limited.
Gazprom, NIGC to Boost Energy Cooperation
Teheran hosted today the first meeting of the Joint Coordinating Committee (JCC) of Gazprom and National Iranian Gas Company (NIGC) to considered a wide range of possible cooperation areas, including transactions with gas, development of the UGS system in Iran, equipment supplies and installation…
Gazprom, EU to Continue Settlement Talks
Gazprom and EU regulators pledged on Thursday to continue talks aimed at resolving antitrust charges levied against the Russian gas giant, suggesting the chances of a regulatory fine are receding. The Russian state-controlled company is fighting accusations of over-charging customers and blocking rivals in eastern Europe…
Shell, Gazprom Discuss Yuzhno-Kirinskoye Gas Field
Energy major Shell is in talks to join Russia's state-controlled Gazprom in tapping the Yuzhno-Kirinskoye gas field offshore Russia's Sakhalin island in the Pacific, the head of Shell's operations in the country said on Wednesday. "There are many things we talk about with Gazprom.
