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Articles with tag "Gazprom"
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.
2 Min read
Putin Drops Demand for Gas Payments Via Gazprombank
The decision comes after Gazprombank was hit with U.S. sanctions last month.
2 Min read
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.
1 Min read
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.
1 Min read
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.
1 Min read
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.
2 Min read
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.
1 Min read
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...
2 Min read
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.
1 Min read
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.
2 Min read
Putin Transfers Seized TGK-2 Utility to Gazprom
Gazprom subsidiaries now control almost 100 billion rubles ($1.1 billion) of confiscated assets.
1 Min read
Bulgaria Takes Gazprom to Court Over Halted Supplies
Bulgaria was one of the first EU countries to see its gas supplies halted after refusing to pay in rubles as demanded by Moscow in response to Western...
2 Min read
Gazprom’s June Exports to Europe Jump From 2023 – Reuters
Gazprom’s EU exports averaged 81.8 million cubic meters per day in June, up from 66.8 million cubic meters per day in June 2023, according to Reuters’...
1 Min read
As Power of Siberia 2 Pipeline Stagnates, So Do Russia's Hopes for Pivoting Gas Exports Eastward
Are there any other options left for Gazprom to boost its foreign sales after its main export direction — to Europe — has nearly been severed?
5 Min read
Germany's Uniper Awarded 13 Bln Euros for Lost Russian Gas
Gazprom steadily dwindled gas supplies to Germany following the full-scale invasion of Ukraine in apparent retaliation for Western sanctions.
2 Min read
Russia's Gazprom Plans Investment Cut as Exports Drop
Gazprom's investment program for next year, spent on energy projects and infrastructure, will drop about 20% year-on-year to 1.57 trillion rubles ($17...
1 Min read
Gazprom Delivers LNG to China in Arctic Sea Route First
The route "allows a substantial reduction in the time it takes to make LNG deliveries to Asia-Pacific countries," the Russian energy giant said.
1 Min read
Russian Energy Giant Gazprom Posts Big Drop in Profit
The company reported a profit of 1.2 trillion rubles ($15 billion) for 2022, down 41% from the previous year.
2 Min read
Russian Gas Production Down 10% in 2023
Rerouted supplies to China have so far proved unable to compete with pre-war exports to the European Union.
1 Min read
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