Front-year contracts are boosted by rising gas and carbon prices
The European power contracts for the year ahead were released on Thursday. They reflect higher carbon permits as well as gas contracts. The German power contract for the year ahead was up 3.1% to 94.25 Euros ($99.09), after hitting a high of 94.50 Euros earlier. Meanwhile…
EUROPE GAS prices near a one-year high due to concerns about Russian supply and cold weather
The Dutch and British wholesale gas prices reached their highest intraday levels in almost a year on Thursday, amid concerns about Russian gas supply. Austrian energy group OMV said that an award of over $243 mln for irregular German gas supplies by Gazprom may impact its Gazprom gas supply agreement.
Poland Ends Major Russian LNG Contract
Poland's state gas company PGNiG says it had notified Russia's Gazprom that it will not renew their long-term deal on liquefied natural gas (LNG) supplies when the agreement expires after 2022.In accordance with the provisions of the Yamal Contract, three years prior to its original termination date, i.e.
Gazprom Integrates All Companies in Tax Regime
Russian energy company Gazprom said that six companies of the Group – Gazprom Dobycha Astrakhan, Gazprom Transgaz Samara, Gazprom Transgaz Saratov, Gazprom Transgaz Tchaikovsky, Gazprom Transgaz Ufa, and Gazprom Transgaz Volgograd – will join the tax monitoring regime on January 1…
Gazprom Names Burmistrova as Deputy CEO
Russian natural gas giant Gazprom has appointed Elena Burmistrova, the head of Gazprom Export, to the post of deputy chief executive, Interfax news agency cited sources as saying on Monday.Oleg Aksyutin, already a board member, was also named as a deputy chief executive, Interfax said.
Russia's Gazprom Does Not Rule Out Dividend Rise
Russian gas giant Gazprom may increase dividends on 2018 results, however it is more likely to raise them after 2020 once the current investment cycle is over, Alexander Ivannikov, the head of company's financial department said on Friday.Gazprom also sees its average gas price in Europe at $230 to$240 per 1,000 cubic metres in 2018,
Gazprom Targets Exports to Europe
The head of Gazprom's export arm said the Russian gas giant wants to increase its exports to Europe beyond record high levels seen last year."Last year we achieved the record figure of 197 bcm (billion cubic feet) and our ambitions are going much higher for the next year," Elena Burmistrova, director general of Gazprom Export, told a
Clash of the Russian Energy Titans
Russian energy major Rosneft is increasingly challenging domestic rival Gazprom in international gas markets, from West Africa to Turkey and even Europe, according to five industry sources with knowledge of the matter.Last week, Rosneft won a multi-billion dollar contract in Ghana that had been targeted by Gazprom, the sources said.
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…
Gazprom to Reorganise Export Operations
Russian energy giant Gazprom said on Monday it planned to reorganise its export operations to create an integrated international distribution unit responsible for all of its export deliveries, trading and marketing. Gazprom said in a statement the reorganisation would take place in two stages over two years.
Gazprom Inks 10-yr Gas Supply Deal with Croatia's PPD
Russian gas giant Gazprom has signed a 10-year deal with Croatia's Prvo Plinarsko Drustvo (PPD) to supply it with 1 billion cubic metres (bcm) of gas per year, Gazprom Export said on Friday. The deal expires in 2027 and Gazprom will supply 0.25 bcm of gas in the fourth quarter this year, the company said.
Gazprom Doesn't Rule Out More Rival LNG to Europe
Russian gas giant Gazprom did not rule out an increase in liquefied natural gas flows to Europe from its rivals, though Asian markets are more attractive for the fuel due to higher prices, a company official said on Wednesday. "There is possibility that there will be more LNG supplies to Europe...
Gazprom Says Poland Gas Supply Issue Resolved
Russia's Gazprom said on Thursday a technical issue that caused poor quality gas to be delivered to Poland via the Yamal pipeline had been resolved. Poland on Wednesday temporarily halted gas deliveries from Russia via the pipeline due to poor quality of the gas. "From this afternoon on…
Gazprom Inks Gas Transport Deal with Eustream
Russian gas giant Gazprom said on Tuesday it had signed a 5.3 billion euro ($5.6 billion) gas transportation framework deal with Slovakia's Eustream until 2050. "This agreement provides for a basis for future contracts on transportation and allows to participate in obtaining any capacity in the gas transportation system of Slovakia…
Gazprom Export opens gas storage facility in Czech Republic
Gazprom Export, a division of Russia's top natural gas producer Gazprom, said that its underground gas storage facility in the Czech Republic started operating on Friday. The storage facility, to be operated by Moravia Gas Storage, a joint venture company of the Czech MND Group and Gazprom Export…
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 and RWE Agree to New Gas Supply Terms
Gazprom Export, a unit of Russia's top natural gas producer Gazprom, and German power utility RWE have reached agreement on the terms for a long-term gas supply contract, both sides said on Tuesday. "Gazprom and RWE have reached agreements on the main commercial terms," a Gazprom Export official told Reuters.
Gazprom Export Settles Debt Repayment with Serbian Partners
Gazprom Export, the export arm of Russian gas producer Gazprom, said on Wednesday it had reached an agreement with the Serbian government, Yugorosgaz and J.P. Srbijagas on a repayment of debts for previously supplied gas. The agreement will require the Serbian companies to pay off outstanding debts completely by June 30 this year…
Gazprom, Engie Settle Pricing Dispute
Russia's Gazprom said on Monday it had agreed to change prices in a supply deal with France's Engie and the French energy group had halted arbitration proceedings. Gazprom said in February Engie was suing its Gazprom Export subsidiary to revise prices on a natural gas supply contract.
Bulgaria's Overgas Takes Gazprom to Court Over Gas Supply Halt
Bulgaria's natural gas provider Overgas has taken Russian gas giant Gazprom to arbitration court over the sudden halt to natural gas supplies to the private company as of Jan. 1, senior company officials said on Thursday. Overgas Deputy Chief Executive Svetoslav Ivanov…
