Samsung Heavy to Tankers for Gazprom
South Korean shipbuilder Samsung Heavy Industries plans to build three Arctic tankers for Russian oil company Gazprom Neft, which has been targeted by Western sanctions, sources familiar with the deal said. The sanctions imposed on Moscow over its role in the crisis in Ukraine have complicated Russian companies' oil exploration and production in deep water, Arctic offshore or shale projects, as they use Western technology. Samsung Heavy said on Tuesday it had won a 472 billion Korean won ($444 million) order to build three tankers for an unnamed firm based in Europe and that it expected to complete the contract by April 2017. The tankers will be bought by Gazprom Neft's Austria-based subsidiary Gazprom Neft Trading, one of the sources told Reuters.
Gazprom GDRs Listed On Singapore Exchange
Today Gazprom's unrestricted American Depositary Shares (the Global Depositary Receipts or the GDRs) were granted an introductory listing and included in the quotation list of the Singapore Exchange. The listing of Gazprom's GDRs on the Singapore Exchange is a significant result of the Company's efforts to broaden its investor base globally. Investors from the Asia-Pacific region are getting access to Gazprom's remarkable long-term growth. Gazprom is committed to creating long-term value for all its shareholders…
Alexander Gaivoronsky Heads Gazprom Transgaz Ukhta
Alexander Gaivoronsky was appointed Director General of Gazprom Transgaz Ukhta. Alexander Gaivoronsky was born in the Sverdlovsk Region in 1975. In 1997 he graduated from Ural State Technical University, majoring in Turbine Construction. Between 1997 and 2009 he worked as a compressor operator, gas facilities operation engineer, Deputy Head of the Gas Compressor Service of the Yamburg Line Pipe Operation Center, Gazprom Transgaz Yugorsk. From 2009 to 2010 he was Acting Chief Engineer – Deputy Head, Head of the Pur Line Pipe Operation Center, Gazprom Transgaz Yugorsk.
New Director-General Appointed at Gazprom Export
Gazprom informs that due to a considerable increase in the day-to-day business and its geographical expansion, as well as product diversification within the Company’s international activities, Elena Burmistrova has been appointed Director-General of the Russian energy major's Gazprom Export subsidiary. Gazprom explains that Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee will supervise the international business sector as well as social development and sports programs.
Gazprom to Counter Negative Global Market Trends
The Gazprom Board of Directors took note of the information on the Company's financial strategy under the conditions of negative trends in the global financial market for the Russian business entities. It was pointed out that the geopolitical events involving Ukraine as well as American & EU sanctions imposed on Russia affected many Russian companies. In this context Gazprom thinks it is necessary to adhere to the current financial strategy, which provides for the Company's good standing and enables it to swiftly react to the possible aggravation of the situation.
St. Petersburg Becoming Int'l Gas Sales Hub
Alexey Miller, Chairman of the Gazprom Management Committee, inaugurated today a new office building of Gazprom Export in St. Petersburg. Taking part in the ceremony were Mikhail Mokretsov, Vice-Governor of the city of St. Petersburg, Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee, Elena Burmistrova, CEO of Gazprom Export, and city authorities. The new HQ is located in the city center, the Ostrovskogo Square, and occupies the reconstructed premises built in 2006.
Shadrin is D.G. of Gazprom Investholding
On October 13 the Gazprom leadership acceded to Alisher Usmanov's request for releasing him from his position as Director General of Gazprom Investholding. At the meeting Alexey Miller, Chairman of the Gazprom Management Committee thanked Alisher Usmanov for many years of conscientious fruitful work and wished him success and health. Evgeny Shadrin was appointed Director General of Gazprom Investholding. Previously he used to be Director General of Factoring-Finance.
Gazprom to Upgrade Gas Supplies to Kyrgyzstan
The development of gas transmission and distribution infrastructure of Kyrgyzstan was discussed during a meeting held at the Gazprom headquarters hosted today between Alexey Miller, Chairman of the Company's Management Committee and Djoomart Otorbaev, Prime Minister of the Kyrgyz Republic. It was pointed out that the relevant facilities in the Republic were well rundown. In this regard, Gazprom is working out the General Gas Supply and Gasification Scheme of Kyrgyzstan until 2030.
Ukraine Must Pay Up Front for Gazprom Gas Supplies
Gazprom inform that in a recent working meeting, Russian President Dmitry Medvedev tasked Gazprom to switch Ukraine to gas prepayment terms. The meeting involved Dmitry Medvedev, Russian Prime Minister, Alexander Novak, Russian Energy Minister and Alexey Miller, Chairman of the Gazprom Management Committee. Alexey Miller informed Dmitry Medvedev that Ukraine’s total debt for Russian gas, including for the past year, totaled USD 3.508-billion. It was pointed out that Ukraine had made small payments at the beginning of the year, but March and April deliveries hadn’t been paid off.
New Vladivostok LNG Terminal Project on Track
At a recent meeting of Gazprom's Management Committee, Chairman Alexey Miller noted that the project was progressing rapidly and on schedule – the first train of an LNG plant will be commissioned in 2018. Gazprom explains that it aims to speed up new LNG projects in order to increase their share in the global gas market. Vladivostok-LNG is one of such projects. A special purpose company – Gazprom LNG Vladivostok – has been set up to implement the project. Gazprom expects to receive an environmental approval next autumn…
Russian Arctic Oil Drillers Sign Oil Spill Safety Accord
Gazprom inform that Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee and Ravil Maganov, First Executive Vice President of LUKOIL have signed a Cooperation Agreement on oil spill prevention and response to offshore emergencies. The agreement document sets out an exchange of information regarding the manpower and resources available to tackle any emergency, as well as joint consultations, exercises and training. In particular, Gazprom and LUKOIL intend to conduct…
Joint Leadership Meeting, Russian Shipbuilders
Led by Alexander Ananenkov, Deputy Chairman of Gazprom Management Committee, the company’s delegation continues its business trip to Saint Petersburg. The delegation is composed of Oleg Aksyutin, Member of the Management Committee – Head of the Gas Transportation, Underground Storage and Utilization Department, Yaroslav Golko, Member of the Management Committee – Head of the Investment and Construction Department, Vasily Podyuk, Member of the Management Committee – Head of the Gas, Gas Condensate and Oil Production Department, as well as heads and specialists from Gazprom specialized subdivisions and subsidiary companies – Gazprom VNIIGAZ…
Gazprom Expands in Vietnam After Gaining Two Offshore Blocks
AO Gazprom, the world’s largest natural gas producer, plans to develop two blocks with Vietnam Oil & Gas Group off the coast of the Asian nation, Bloomberg reported. Gazprom will take 49 percent of the project with PetroVietnam, as the state-owned company is known, to develop the 05.2 and 05.3 blocks, the Russian gas producer said today. The partners will work under a production-sharing agreement, Gazprom said. PetroVietnam and Gazprom are already working together exploring for oil and gas offshore Vietnam, the country which has been Russia’s ally since the Soviet era. The two blocks in the South China Sea cover two discovered gas and condensate fields, Moc Tinh and Hai Thach, with total reserves of 55.6 billion cubic meters of gas and 25.1 million tons of condensate, Gazprom said.
Gazprom And OMV Chiefs Discuss Alternative European Gas Routes
The chief executives of Gazprom and OMV held talks on Tuesday about supplying Russian gas to Europe using routes that bypass Ukraine, they said in a statement. Gazprom's Alexei Miller and OMV's Gerhard Roiss said they had discussed "optional alternative supply routes" including the Nord Stream and Opal pipelines. Russia's seizure of Crimea from Ukraine - an important transit country for Russian gas - has resulted in European Union and U.S. sanctions, sparking fears of supply cuts that could affect several European countries.
Ukraine's Naftogaz says paid for January Russian gas supplies
Ukraine's state energy company Naftogaz said on Thursday it has fully paid for Russian gas supplied in January and is in talks with Russia's Gazprom on settling other payments to ensure safe gas deliveries. Gazprom said on Wednesday that Ukraine's total debt for Russian gas deliveries stood at $2 billion and warned it would increase prices starting from April 1. Gazprom declined to comment on Naftogaz statement.
Gazprom & UniCredit Sign Agreement
Gazprom and UniCredit Bank signed a bilateral credit agreement worth a total of EUR 390 million in Vienna yesterday. The agreement is of great historical significance both for promoting the mutually beneficial relations between the two companies and for wider cooperation of Gazprom with financial communities of Italy and the entire Europe. Gazprom's delegation was led by Andrey Kruglov, Head of the Department for Finance and Economics.
Gazprom Sets Up New Department
Gazprom set up a new department to be headed by Pavel Krylov. The department will be in charge of implementing the Gazprom corporate unified technical policy in search, creation and introduction of state-of-the-art solutions, equipment and materials acknowledged worldwide, including substitutes of their non-domestic counterparts, with a view to secure the Company’s technological independence. Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee will supervise the new department.
Russia to Stop Gas to Ukraine Absent Prepayments
The CEO of Russian gas company Gazprom said on Wednesday Russia would stop exporting natural gas to Ukraine unless it received prepayment from Kiev for energy supplies, Interfax reported. Gazprom also said that Ukraine had approximately three days left of prepaid gas deliveries from Russia, Interfax reported, citing a letter from Gazprom CEO Alexei Miller to the head of Ukraine's state energy company Naftogaz. Reporting by Thomas Grove
Gazprom Neft Starts Oil Production, Shipments from Iraqi Badra Field
Russia's Gazprom Neft said on Monday it started commercial production and shipments of oil produced at its Iraqi Badra oil field. Gazprom Neft, the oil arm of state gas company Gazprom , said that first oil was to be delivered via Iraq's pipeline system to the export terminal in Basrah. "Current deliveries from Badra to the pipeline stand at over 15,000 barrels of oil per day and this level should be maintained until the end of 2014," the company added. (Reporting by Katya Golubkova; Editing by Lidia Kelly)
Gazprom Scraps Plan to Cut Gas Deliveries
Russia's Gazprom scrapped a plan to cut gas exports to Romania by 9 percent on Saturday and by 5 percent on Sunday, Romania's Energy Minister Razvan Nicolescu said. "Our (pipeline operator) Transgaz was notified by Gazprom's office in Sofia that gas deliveries will be in line with normal levels," Nicolescu told state news agency Agerpres. Gazprom had notified Romania of the cuts on Friday. (Reporting by Radu Marinas, editing by John Stonestreet)
Gazprom's Alexey Miller and Viktor Zubkov Elected
The annual General Shareholders Meeting of Gazprom was followed by a meeting of the Company's newly elected Board of Directors. The meeting resolved to elect Viktor Zubkov as Chairman of the Gazprom Board of Directors. Alexey Miller, Chairman of the Gazprom Management Committee was named as Deputy Chairman of the Company's Board of Directors.
Gazprom to Ship Gas to Turkey via Pipeline in 2016
Russia's top natural gas producer Gazprom said on Thursday it had reached an agreement with Turkey to start gas supplies via the planned Turkish Stream pipeline in December 2016. Gazprom Chief Executive Officer Alexei Miller met Turkish Minister of Energy and Natural Resources Taner Yildiz in Ankara on Thursday, Gazprom said in a statement. Reporting by Maria Kiselyova and Vladimir Soldatkin
Canada Slaps Sanctions on Russia Energy Firms
Canada slaps sanctions on Gazprom, other Russia energy firms Canada is imposing economic sanctions against Russian energy firms such as natural gas producer Gazprom OAO in response to the actions of Russian-backed militants in Ukraine, Ottawa said on Monday. A government statement did not give details of the sanctions. Other firms targeted are Gazprom Neft OAO, Surgutneftegaz OAO and Transnefteprodukt OAO. (Reporting by David Ljunggren; Editing by Richard Chang)