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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 »

Boeing Forecasts Demand for 1,170 New Airplanes in Russia, CIS region

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Boeing [NYSE: BA] forecasts market demand for 1,170 new airplanes in Russia and the CIS region over the next 20 years, valued at $140 billion. The company released the numbers as part of its annual Current Market Outlook (CMO) for Russia and the CIS region. International traffic is expected to grow at an annual rate of 4.8 percent and Boeing predicts Russian and CIS airlines will need 810 single-aisle and 170 widebody airplanes to handle the increase. With strong demand for replacing an increasingly aging fleet of Russian-built airplanes, 47... Read More »

Gazprom and CNPC approve Roadmaps for implementing Memorandum on underground gas storage and gas-fired power generation

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The parties discussed cooperation issues. Particular attention was paid to the progress of the project for natural gas supplies from Russia to China via the eastern route. It was noted that the construction of the Power of Siberia gas pipeline was running strictly on schedule. In addition, the meeting participants addressed the companies’ collaboration prospects with regard to building underground gas storage and gas-fired power generation facilities in China, promoting the use of gas as a vehicle fuel, and ensuring occupational health and s... Read More »

Gazprom saves RUB 7.8 billion in 2015 on fuel and energy resources

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The Committee members summed up Gazprom's environmental activities in 2015. It was stressed that Gazprom had continued its consistent efforts aimed at mitigating environmental impacts. As a result, in 2015 Gazprom's subsidiary companies reduced their greenhouse gas emissions by 7.3 per cent and water consumption by 7.8 per cent versus 2014. Energy saving and energy efficiency are key to Gazprom's environmental activities. In 2015, the Company saved 2.7 million tons of fuel equivalent on fuel and energy resources, including 2.255 billion cubi... Read More »

First cargo of Yamal oil shipped from Arctic Gate offshore terminal

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Russian President Vladimir Putin gave the command via a video call to start loading a tanker with oil from the Novoportovskoye field. The Novoportovskoye oil, gas and condensate field, the richest in oil reserves in the Yamal Peninsula, is located 700 kilometers away from the existing pipeline infrastructure. That is why it was decided to ship Yamal oil by sea for the first time in the history of Russia's oil and gas industry. Thanks to cutting-edge technologies employed in building the production, transportation and, most importantly, lo... Read More »

Marat Garaev named Director General of Gazprom Pererabotka

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Between 1998 and 2002, he served in a number of commercial entities in Saint Petersburg. He has been a member of Gazprom's team for 14 years. 2002–2005: Head of the Sector for Cooperation with Oil and Gas Companies at the Industrial Product Marketing Directorate of Gazprom's Department for Gas and Liquid Hydrocarbon Marketing and Processing; later Head of the Directorate. 2005–2015: Deputy Head of the Department for Gas and Liquid Hydrocarbon Marketing and Processing, Head of the Industrial Product Marketing Directorate; later First De... Read More »

LUKOIL GETS POSITIVE REVIEW FOR OIL PRODUCTS DELIVERY PROJECT

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A resolution to start up the project development, which guarantees reliable supplies of high quality motor fuels to the domestic market taking into the account the evolvement of the country’s pipeline transportation system, was adopted as part of the Cooperation Agreement, between LUKOIL and Transneft signed in May 2014. The project allows substantial decrease of transportation load on existing railway networks and continuous supplies of high quality class 5 motor fuels to the Central Region of Russia. The infrastructure which is being devel... Read More »

10th anniversary Gazprom and CNPC Arts Festival opens in China

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“The 10th anniversary Arts Festival is a clear example of the successful cooperation between Gazprom and CNPC, as well as proof of the mutually deep interest between our cultures. Over the past years some 100 ensembles from Russia and China have taken part in the Festival. The event has united over 500 performers, becoming a wonderful tradition,” said Alexander Bespalov, Head of the Gazprom Department. “CNPC and Gazprom continue to develop their fruitful interaction. Among other things, the companies implement remarkable social projects, whi... Read More »

Gazprom and PetroVietnam enhancing bilateral cooperation

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Hanoi hosted a working meeting between Alexey Miller and Tran Dai Quang, President of Vietnam. The parties discussed the Russian-Vietnamese collaboration in the energy sector. It was emphasized that the bilateral cooperation had great potential for further development. Another working meeting was held between Alexey Miller and Vietnamese Prime Minister Nguyen Xuan Phuc. Special attention was given at the meeting to the prospects for broader cooperation between companies on hydrocarbon development in Vietnam and third countries. The partie... Read More »

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