Gazprom outlines recovery path after losses as dividends scrapped amid Central Asia and Far East expansions
Gazprom shareholders have just held their annual general meeting and despite Western sanctions wiping out profits in the past year and leading to a net loss, one of the world’s largest gas companies has started rebuilding new markets to replace the European Union.
Putin and Gazprom hold talks with Mongolian Prime Minister in Russia on gas pipeline transit to China
Russian President Vladimir Putin and the head of Gazprom have held talks in Vladivostok with Mongolian Prime Minister Luvsannamsrai Oyun-Erdene at the Russian-organized Eastern Economic Forum amid efforts by Russia to push forward with a natural gas pipeline to China across Mongolia, which is sandwiched in Central Asia between both big powers.
EU averts any Gazprom gas pipeline cut-offs at end of May by allowing opening of euro-rouble accounts
Most of Gazprom’s European Union pipeline natural gas customers are set to open new bank accounts with Gazprombank to meet Russian demands for the payment of volumes to be made in Russian roubles.
Gazprom boosts pipeline natural gas supplies to Europe and China in 2021 and forecasts record earnings
Russian pipeline natural gas supplier Gazprom said it produced 514.8 billion cubic metres in 2021 and bettered the 2020 output volumes by 62.2Bcm as the company boosted volumes to Europe and China and forecast record financial results.
Nord Stream II test
Oct 5 (LNGJ) - Nord Stream II, the Gazprom-led pipeline natural gas project taking additional gas from Russia to Germany and the European Union in competition to LNG, has started filling one of its two pipelines ahead of commercial operations scheduled for year-end. The pipeline will double Russia’s existing gas pipeline export capacity under the Baltic Sea to 110 billion cubic metres, equal to more than a half of Russia’s current total pipeline gas supplies to Europe.
European natural gas prices hit record levels in absence of adequate LNG supplies and EU energy planning
European natural gas markets posted record summer prices for the UK National Balancing Point and the Dutch Title Transfer Facility and other EU markets, showing that politicians have neglected energy supply planning amid the largely uncontrollable economic effects of Covid-19.
Norwegian gas supplier says Germany took record 2020 volumes equivalent to two large LNG plants
Gassco, the Norwegian natural gas pipeline operator and one of the main competitors to LNG in Europe, said it transported record gas volumes to Germany in 2020.
The company said pipeline gas from the Norwegian Continental Shelf (NCS) played an important role in Europe’s energy supply.
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.
