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Gazprom builds 15 exploratory and development wells in Bangladesh in four years

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At meeting Enlarged photo (JPG, 1 MB) The parties expressed their appreciation for the Company’s efforts in Bangladesh. It was noted that Gazprom had built 15 exploratory and development wells at seven fields in the country since 2013. Alexey Miller (center) Enlarged photo (JPG, 3 MB) Abul Hassan Mahmood Ali Enlarged photo (JPG, 843 KB) The meeting participants discussed the prospects for cooperation in oil and gas prospecting, exploration and development. Attention was also paid to further implementation ... Read More »

Checkpoint at Power of Siberia’s cross-border section to open in May

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Enlarged photo (JPG, 2 MB) The parties discussed the focus areas of Russian-Chinese cooperation in the gas sector, specifically the projects for Russian gas supplies to China, including via the eastern route – through the Power of Siberia gas pipeline – and from Russia’s Far East. It was noted that over 650 kilometers of the Power of Siberia gas trunkline had been built up to that moment, with 927 kilometers of the pipe string welded. Enlarged photo (JPG, 2 MB) Enlarged photo (JPG, 2 MB) A temporary two-way check... Read More »

Gazprom to take part in building Northern Latitudinal Railway

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The project envisages the establishment of direct communications between the Severnaya and Sverdlovskaya railroads along the Obskaya – Salekhard – Nadym – Pangody – Novy Urengoy – Korotchaevo route in the Yamal-Nenets Autonomous Area. The NLR will be 707 kilometers long and will have the annual tonnage capacity of about 24 million tons of cargo. Enlarged photo (JPG, 2 MB) The project has significant public importance, as it will give an impetus to economic and social development in the Russian Arctic. The Yamal-Nenets Autonomous A... Read More »

Credit Agricole CIB to provide EUR 700 million loan to Gazprom

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The agreement was signed on behalf of Gazprom by Andrey Kruglov, Deputy Chairman of the Company's Management Committee, and on behalf of Credit Agricole CIB by Regis Monfront, Deputy Chief Executive Officer of Credit Agricole CIB, and Erik Koebe, President of Credit Agricole CIB AO (Russia). Credit Agricole CIB will provide Gazprom with a five-year EUR 700 million loan. Background Credit Agricole Corporate & Investment Bank is a corporate and investment subdivision of the Credit Agricole Group, Europe's second-largest banking network i... Read More »

Alexey Miller briefs Vladimir Putin on Gazprom’s performance in 2016

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Alexey Miller briefed Vladimir Putin on the Company’s performance in 2016, focusing on gas production, domestic supplies and exports, and the implementation of the Russian Regions Gasification Program. The meeting also touched on gas deliveries to consumers in the current autumn/winter period and the development of the Yamal gas production center and the northern gas transmission corridor. Vladimir Putin and Alexey Miller. Photo by www.kremlin.ru Enlarged photo (JPG, 204 KB) Gazprom website Editorial Board Shorthand record Vladimir Putin... Read More »

Gazprom’s financial information under International Financial Reporting Standards (IFRS) for the nine months ended September 30, 2016

Gazprom

The table below presents the unaudited consolidated interim condensed statement of comprehensive income prepared in accordance with IFRS for the nine months ended September 30, 2016 and for the nine months ended September 30, 2015. All amounts are presented in millions of the Russian Rubles.   Nine months ended September 30,   2016 2015 Sales 4,321,364 4,206,217 Net gain from trading activity 71,159 8,320 Operating expenses (3,824,703) (3,171,784) Operating profit 567,820 1,042,753  ... Read More »

Gazprom and Russian pipe producers to adopt formula pricing for pipe fittings

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The additional agreements were signed by Alexey Miller, Chairman of the Gazprom Management Committee, Anatoly Sedykh, Chairman of the Management Board, United Metallurgical Company (OMK), Andrey Komarov, Member of the Board of Directors, Chelyabinsk Pipe Rolling Plant, and Alexey Mordashov, Chairman of the Board of Directors, Severstal. From left to right: Alexey Mordashov, Ivan Shabalov, Alexey Miller, Anatoly Sedykh, and Andrey Komarov Enlarged photo (JPG, 679 KB) The pricing formula for pipe fittings will be used starting January 1, 201... Read More »

Gazprom and Russian producers of pipes and steel sign scientific and technical cooperation programs

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Pavel Shilyaev, Director General of Magnitogorsk Iron & Steel Works, Oleg Aksyutin, and Sergey Chikalov, Deputy Director General for Technical Sales and Innovations of TMK Enlarged photo (JPG, 943 KB) Enlarged photo (JPG, 890 KB) The programs are aimed to supply Gazprom with innovative, highly reliable pipe products and to enhance the economic efficiency of the construction and operation of natural gas production, transmission and processing facilities. Under the programs, it is planned to set up the production of flat products ... Read More »

Gazprom and OMV hold first meeting of Coordinating Committee for scientific & technical cooperation and partnership

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The meeting addressed prospective joint efforts in the main areas of cooperation outlined in the 2016–2020 Program for scientific & technical cooperation and partnership between Gazprom and OMV. In addition, the participants delivered presentations on such topics as the role of natural gas in the European energy mix, small-scale LNG shipping technologies, drilling performance management, efficiency improvement in low pressure gas production, and environmental safety at oil and gas facilities. The parties commended Russia's and Austria's ... Read More »

Gazprom and Japan Bank for International Cooperation discuss further cooperation

Gazprom

The meeting participants expressed appreciation for the fruitful cooperation between Gazprom and JBIC. Specifically, JBIC participated in financing the Blue Stream construction project and the Sakhalin II project. The parties discussed further cooperation, speaking in particular about the potential involvement of JBIC in financing the construction of the third train of the Sakhalin II LNG plant and the Amur gas processing plant. Background Japan Bank for International Cooperation (JBIC) was set up in 1999 as a state-owned financial ins... Read More »

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