(Bloomberg – bloomberg.com – Stephen Bierman & Anna Shiryaevskaya – Dec. 12, 2012) The world’s most profitable energy company is being punished by investors who are concerned it’s also the biggest spendthrift. OAO Gazprom (OGZD), Russia’s natural-gas export monopoly, will beat Exxon Mobil Corp. (XOM) to earn $37.9 billion in 2012, according to estimates compiled by Bloomberg. Yet its shares […]
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(Moscow Times – themoscowtimes.com – Anatoly Medetsky – Dec. 10, 2012) VARVAROVKA, Krasnodar Region President Vladimir Putin on Friday kicked off construction for the route to deliver Russian gas to Europe. A ceremony in which two pipes were welded together marked the South Stream pipeline’s graduation from the phase of talks between governments and corporations and drew the […]
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MOSCOW. Dec 5 (Interfax) – The Ob River liquefied natural gas (LNG) tanker, chartered by the Gazprom Group (RTS: GAZP), successfully completed the world’s first LNG shipment via the Northern Sea Route on Wednesday, the Russian gas giant reported. The tanker, which departed from Norway’s Hammerfest Port on November 7, has arrived at the regasification terminal at Tobata Port in […]
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MOSCOW, December 3 (RIA Novosti) Russian state-controlled energy giants Gazprom and Rosneft, and state-run savings bank Sberbank top the list of where Russians most want to work, according to a poll published by the VTsIOM pollster on Monday. “Gazprom remains the most attractive employer for Russians. If respondents could choose a job in any large company operating on the […]
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MOSCOW. Nov 22 (Interfax) – The Russian Energy Ministry proposes taking the first steps towards developing the country’s shale gas resources, staring with licensing and incentives to produce this sort of gas. The proposals are in a protocol resolution for a meeting to be chaired by Russian Prime Minister Dmitry Medvedev and planned for Thursday, but which has been put […]
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(Interfax – Moscow, 20 November) The European Commission’s investigation makes one wonder whether Brussels wants to be receiving Russian gas in increasing amounts, the deputy chairman of Gazprom’s board, Aleksandr Medvedev, told the Russia’s Gas forum. “The European Commission recently began an investigation in relation to Gazprom group (RTS: GAZP) and some of its partners, which makes one wonder whether […]
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BERLIN, October 26 (RIA Novosti)-State-owned oil giant Rosneft’s acquisition of TNK-BP does not signify an increase in state control of the Russian oil sector, and no one in Russia is building state capitalism, First Deputy Prime Minister Igor Shuvalov said on Friday. “The sale of TNK-BP to Rosneft does not represent an increase in state control of the oil sector, […]
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(Bloomberg – bloomberg.com – Matthew Campbell – October 24, 2012) As a small army of advisers from eight investment banks huddled in London last weekend to negotiate Russian state oil company OAO Rosneft (ROSN)’s agreement to acquire BP Plc (BP/)’s Russian venture, the deal’s most important player had already left the country. Igor Sechin, 52, a former Soviet spy and […]
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(Bloomberg – bloomberg.com – Anna Shiryaevskaya – October 19, 2012) OAO Rosneft (ROSN)’s proposed acquisition of TNK-BP will accelerate the state oil company’s eclipse of OAO Gazprom (OGZD) as the dominant force in Russia’s energy industry. President Vladimir Putin used Gazprom, the world’s biggest natural gas producer, to assert Russia’s energy power over the past decade, winning pipeline deals and […]
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(Interfax – October 17, 2012) The amount of gas that the U.S. exports might reach a third of the amount that Russia exports in the medium term, Laszlo Varro, Head of the Gas, Coal and Power Market Division at the International Energy Agency (IEA), said at ‘Gas Day’ at Skolkovo. American gas exports will play an important role in the […]
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MOSCOW. Oct 9 (Interfax) – Gazprom (RTS: GAZP) is ever more aggressively pushing itself onto the European market. Upon launching Line 2 of the Nord Stream gas pipeline on Monday, the Russian gas giant announced that additional capacity should be built in this direction. The new project could tentatively be called Nord Stream-2, although its potential participants and markets are […]
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(Kremlin.ru – October 8, 2012) In his video address, Vladimir Putin congratulated the project participants on completing the second section and bringing it to design capacity. The official ceremony marking the pipeline’s completion took place at Portovaya Bay in Leningrad Region. The pipeline crosses the Baltic Sea, passing through the territorial waters of five countries, and links up to the […]
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LENINGRAD REGION, October 8 (RIA Novosti) -Russia intends to sign memorandums on new Nord Stream gas pipeline routes to Europe by December 31, Gazprom CEO Alexei Miller said on Monday as the second leg came on stream. “Today Nord Stream shareholders considered a preliminary feasibility study for the third and fourth legs, their construction was recognized as economically expedient and […]
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Moscow Times – themoscowtimes.com – Howard Amos and Irina Filatova – October 3, 2012 Signaling the start a long-awaited overhaul at Gazprom, President Vladimir Putin on Tuesday called for corruption to be eliminated at the state-controlled gas giant and said its business model should be improved. Gazprom has been criticized for years by minority investors who believe their lucrative shares […]
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