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Alexey Miller: legal framework for TurkStream established

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The document provides for the construction of two strings of the gas pipeline from Russia to Turkey across the Black Sea, as well as an onshore string for gas transit to Turkey's border with neighboring countries. “The document signed today is extremely important as it sets out the legal framework for the TurkStream project. The Agreement has been prepared in an unprecedentedly short period of time, which shows the strong commitment of both sides to deliver the project as soon as possible. This is entirely understandable because the TurkS... Read More »

Gazprom and BASF/Wintershall discuss transmission of Russian gas to Europe

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The parties addressed bilateral partnership in the gas sector, focusing in particular on Russian gas supplies to Germany and gas transmission routes from Russia to Europe. The meeting touched on the joint production projects. Specifically, the participants commended the ongoing development of the Yuzhno-Russkoyeand Urengoyskoye fields. It was highlighted that as of October 4, 2016, the accumulated gas production from the Yuzhno-Russkoye field had reached about 210 billion cubic meters. Hans-Ulrich Engel (second right) Enlarged photo (JPG, ... Read More »

Gazprom and RusGazDobycha setting up project company to develop group of fields in Yamal-Nenets Autonomous Area

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It was highlighted that the work was underway to set up a joint project company as stipulated by the Master Agreement on the project’s terms and conditions signed by Gazprom and RusGazDobycha. The Board of Directors tasked the Management Committee to continue the project. The Board of Directors approved the Long-Term Development Program of Gazprom. The Board of Directors also considered the information about the assessment of the ‘tax maneuver’ impact on Gazprom Group in the first half of 2016. Background In September 2016, Gazpr... Read More »

Gazprom boosts natural gas exports to France

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The parties paid particular attention to creating new routes for Russian gas exports to Europe in the light of the resumed TurkStream project. Another working meeting took place between Alexey Miller and Gerard Mestrallet, Chairman of the Board of Directors of ENGIE. The meeting participants discussed ongoing and future cooperation, including joint efforts within the Nord Stream 2 project. From January 1 to September 13, 2016, Gazprom supplied 8 billion cubic meters of gas to France, which was 27.3 per cent higher than in the same peri... Read More »

Gazprom actively preparing Banatski Dvor UGS facility for autumn/winter period

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The parties discussed bilateral cooperation in the gas sector, focusing, among other things, on the Banatski Dvor UGS facility, one of the largest such facilities in southeastern Europe. Gazprom continues to actively prepare the facility for the upcoming autumn/winter period. Gas injection operations are going according to schedule. Slavenko Terziс Enlarged photo (JPG, 3 MB) In addition, Alexey Miller and Slavenko Terziс addressed the prospects for cooperation in such fields as oil refining, power generation, use of gas as a vehicle fuel, ... Read More »

Boeing Forecasts Demand in China for 6,810 Airplanes, Valued at $1 Trillion

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"As China transitions to a more consumer-based economy, aviation will play a key role in its economic development," said Randy Tinseth, vice president of Marketing, Boeing Commercial Airplanes. "Because travel and transportation are key services, we expect to see passenger traffic grow 6.4 percent annually in China over the next 20 years." Boeing predicts China will need 5,110 new single-aisle airplanes through 2035, accounting for 75 percent of the total new deliveries. Low-cost carriers and full-service airlines have been adding airplanes ... Read More »

Alexey Miller holds conference call marking Oil and Gas Industry Workers Day

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The meeting was broadcast live to 66 companies of Gazprom Group. The heads of Gazprom Dobycha Nadym, Gazprom Dobycha Yamburg, Gazprom Transgaz Nizhny Novgorod, and Gazprom Transgaz Tchaikovsky made operational performance reports at the meeting. Message delivered by Alexey Miller at conference call marking Oil and Gas Industry Workers Day Dear colleagues, Let me wish you a happy Oil and Gas Industry Workers Day. Gas and oil workers perform important duties with a high degree of responsibility. The gas and oil sectors affect Russia's ene... Read More »

Alexey Miller and Vladimir Semashko discuss ongoing cooperation in gas sector

Gazprom

The parties discussed ongoing cooperation in the gas sector. It was noted that Gazprom provided Belarus with reliable gas supplies, delivering the required amounts of gas to Belarusian consumers. From January through July 2016, the Company supplied 10.3 billion cubic meters of gas to the Republic. Gazprom ensures an uninterrupted transit of Russian gas across Belarus. Over the past seven months of 2016, a total of 24.2 billion cubic meters of gas was transmitted to consumers in the CIS, Europe, and the Kaliningrad Region. The Company cont... Read More »

Gazprom’s financial information under International Financial Reporting Standards (IFRS) for the three months ended March 31, 2016

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The table below presents the unaudited consolidated interim condensed statement of comprehensive income prepared in accordance with IFRS for the three months ended March 31, 2016 and for the three months ended March 31, 2015. All amounts are presented in millions of the Russian Rubles.   Three months ended March 31,   2016 2015 Sales 1,737,364 1,648,253 Net gain (loss) from trading activity 18,508 (18,013) Operating expenses (1,453,899) (1,171,585) Operating profit 301,973 458,655  ... Read More »

LUKOIL CONTINUES FACILITY CONSTRUCTION FOR THE SECOND STAGE OF FILANOVSKY FIELD DEVELOPMENT IN THE CASPIAN SEA

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Jackets for the platform were fabricated at the Galaktika shipyard in Astrakhan. Every jacket is sized 28.3х23.7х19 meters and weights over 2,500 tons. The topside of the platform is currently being fabricated in the Astrakhan region. Topside of accommodation platform for the second stage is currently being built at shipyards in Astrakhan. Jackets for this platform were transported and installed in the Caspian Sea in early July. Background information: The Filanovsky field is the largest discovery in Russia in the past 25 years. It is loca... Read More »

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