Shell and Gazprom to invest $13billion in Russian projects
Shell and Russia's gas major Gazprom will jointly invest $13 billion in three projects in Russia.
Gazprom
Gazprom boss sees no need for European gas price war
Gazprom has said it sees no need to wage gas price wars in Europe to squeeze out rivals including LNG from the US.
Gazprom in talks for stake in OMV Norway
Gazprom is said to be in talks with Norwegian authorities about a possible stake in OMV Norway.
Wintershall profit slumps by more than 400m euros
German energy firm Wintershall said expects lower sales and earnings in 2016 after being hit in 2015 by a sharp oil price decline that squeezed revenues in its exploration business.
China’s vice premier calls for Altai gas pipeline to push ahead
China's vice premier Zhang Gaoli has called on his country and Russia to accelerate the construction of the Altai gas pipeline linking the two countries.
OMV boss in Russia visit to close asset swap deal with Gazprom
The chief executive of OMV will visit Russia with Austria's finance minister next month as the company looks to reach a deal on an asset swap with Russia's Gazprom.
WesternZagos completes transition of operatorship to Gazprom
WesternZagos Resources said it has completed the transition of operatorship of the Garmian block in the Kurdistan Region of Iraq to Gazprom Neft.
Russian economy suffers worst year since global financial crisis
Russia’s economy shrank 3.7% in 2015, the worst drop since the depths of the global financial crisis, as the country struggled with a drop in the price of its oil exports and international sanctions, the state statistics service said.
Ukraine fines Gazprom $3.5billion
The head of Ukraine's competition authority said it has decided to fine Gazprom $3.5billion for abusing its monopoly on the Ukrainian gas market.
Gazprom boosts production from Iraqi Badra oilfield
Russia's Gazprom said this week production at its Iraqi Badra oilfield reached 85,000 barrels per day (bpd).
Gazprom warns EU of impending gas crisis
Gazprom has warned the EU of a wide-scale gas market crisis and underinvestment amid falling commodity prices unless Brussels revises its "contradictory" energy policies.
Gazprom swings to small net loss
Gazprom swung to a small net loss in the third quarter of last year as a loss on foreign exchange weakened the ruble.
Gazprom workers killed ‘by reindeer hersdman’
Two men working for Gazprom have reportedly been killed by reindeer herdsman in Russia.
Russia refocuses energy position as it looks to the Americas
Russian oil companies have been refocusing their international positions through the acquisition of exploration and production assets away from the country. Analysis from the research and consulting firm GlobalData has found countries in the Americas have been providing a number of potential partnerships in the long term.
Ukraine’s PM calls for halt on Nord Stream II pipeline project
The Prime Minister of Ukraine has called for the European Union to block the Nord Steam II gas pipeline project, according to reports. The leader said it would hurt his country and also potentially provide Russia with more of a monopoly over gas supplies in the region.
Lukoil profits tumble as oil price slump bites
Lukoil, Russia’s second largest oil producer, said third-quarter profit dropped 62% after crude prices fell amid the global supply glut.
EU countries see threat from Russia’s gas link extension into western Europe
Russia's plans to extend its gas link to Germany run counter to EU interests and risk further destabilising Ukraine, 10 European governments said in a letter to the European Commission that called for a summit-level debate on the issue.
Lithuania in talks with Gazprom over new gas supplies
Lithuania has started talks with Russian gas exporter Gazprom GAZP.MM on purchases for the next year as its long-term supply contract expires in December, Baltic news agency BNS reported. Gazprom said on Monday it would hold an auction later this year for gas deliveries to the Baltic States in 2016. Lithuania's Lietuvos Duju Tiekimas (LDT) plans to import up to 500 million cubic metres (mcm) of pipeline gas next year, Haroldas Nauseda, head of LDT's commercial department, told the parliamentary economic affairs committee this week.
Gazprom in talks with Georgia over gas supplies
Georgia has held talks with Gazprom on receiving additional natural gas from Russia, Georgia's energy ministry said today, a move that has been criticised for potentially making the country more dependent on its former Soviet master.
Appeal launched to resolve gas price row with Russia
An appeal has been made by the Turkish state gas importer Botas to the International Chamber of Commerce in a bid to resolve a row over the price of gas from Russia. The move has been made after the two countries failed to sign an deal. Earlier this year Turkey said it had obtained a 10.25% price discount on the 28-30 billion cubic metres (bcm) of gas it buys from Russia each year but the two sides have been at loggerheads over the deal for months.
Pavilion Energy agrees to 10-Year LNG supply deal with Gazprom
Singapore’s Pavilion Energy Pte has signed a 10-year LNG agreement with a unit of Russia’s gas giant Gazprom PJSC, Chief Executive Officer Seah Moon Ming said Tuesday. The liquefied natural gas unit of Singapore’s state-owned Temasek Holdings Pte has also signed a memorandum of understanding with the Chinese energy company Huadian to supply LNG from 2020 onward and a similar agreement with Japan’s Jera Co. to jointly procure and invest in LNG, he said at a conference in Singapore.
Gazprom planning for the lowest fuel price in EU market for a decade
Gazprom PJSC, the world’s biggest natural gas exporter, is planning for the lowest price for its fuel in its main European market for more than a decade. The state-run exporter is drafting its budget for 2016 with preliminary estimates for gas prices outside the former Soviet Union of about $200 per 1,000 cubic meters ($5.45 a million British thermal units), said two people with direct knowledge of the matter who asked not to be identified because the information is private.
New natural gas pipelines will move gas from Azerbaijan to Europe
Construction or preliminary work has begun on three new pipelines designed to flow new supplies of natural gas from Azerbaijan to consumers in Turkey, Bulgaria, Greece, and Italy reports the US Energy Information Administration.
Gazprom to half capacity of TurkStream gas pipeline project
Russian oil producer Gazprom has almost halved the planned capacity of its TurkStream gas pipeline project, according to the company’s chief exec. The expected capacity has been reduced from 63billion cubic metres (bcm) to 32bcm. Chief executive Alexei Miller said Gazprom now plans to supply a smaller amount because it also wants to expand the Nord Stream gas pipeline which runs on the bed of the Baltic Sea to Germany.
Russia’s big hitters at Gastech to drive sales in south east Asia
Gazprom’s Alexander Medvedev, will seek to promote the competitive value of Russian gas to the key emerging energy markets of south east Asia, when he speaks at the Gastech conference in Singapore later this month.