French utility and LNG player Engie posts 60 percent earnings surge amid arbitration case against Gazprom
French utility and LNG market participant Engie reported a more than 60 percent surge in revenues, though real net income plunged and the company said it was going ahead with an arbitration procedure against Russia’s Gazprom.
Large natural gas supplier VNG becomes second German buyer of Gazprom gas to apply for bail-out
German natural gas supplier Verbundnetz Gas AG (VNG), based in the eastern city of Leipzig, has become the second large Russian gas buyer to be approved for a Berlin Government bail-out to stay afloat after LNG buyer Uniper received government funds in return for a stake.
Gazprom deal for Greeks
June 2 (LNGJ) - Russian pipeline natural gas company Gazprom has signed a long- term contract to supply the Greek group, Mytilineos S.A. Gazprom last year delivered 588 million cubic metres of gas to Mytilineos, Greece’s largest private gas importer.
“This long-term contract will enhance the competitiveness of Mytilineos in the region's gas market and will make a substantial contribution to maximizing the efficiency of our industrial and power assets,” said Evangelos Mytilineos, Chairman and Chief Executive of Mytilineos. The cooperation between Gazprom and Mytilineos began in 2017 on the basis of short-term contracts and the new agreement will run from 2020 to 2030.
