LUKOIL - Profit attributable to PJSC "LUKOIL" shareholders was RUB 109.1 bln, up 75.0% year-on-year. Profit growth was mainly driven by significant negative non-cash foreign exchange effect in the first quarter of 2017. Excluding this factor, profit attributable to PJSC "LUKOIL" shareholders increased by 13.5%.

BLOOMBERG - The agreement between Gazprom PJSC and the European Commission gives gas buyers more flexibility in handling imports and greater leverage to push for lower prices. That’s likely to make flows from Russia more attractive than alternatives such as expensive new links to fields at Europe’s southeast corner or tanker shipments of liquefied natural gas.

Speech by Alexey Miller on St. Petersburg International Economic Forum

Выступление Алексея Миллера на Петербургском международном экономическом форуме

FT - Gazprom’s deputy chairman Alexander Medvedev said the company was “satisfied with the commitments decision” and was “always committed to co-operate in good faith in order to find a constructive, mutually acceptable solution”.

REUTERS - The head of Ukraine’s Naftogaz said on Thursday EU-mediated talks over future Russian gas transit via the country to Europe must include Gazprom and must be based on firm commitments.

NOVATEK - At the 22nd Saint Petersburg International Economic Forum, in the presence of the President of Russia Vladimir Putin and the President of France Emmanuel Macron, Chairman of the Management Board of PAO NOVATEK (“NOVATEK”) Leonid Mikhelson and Chairman and Chief Executive Officer of TOTAL S.A. (“TOTAL”) Patrick Pouyanné signed a binding agreement on the terms to enter the Arctic LNG 2 project.

IAEA - IAEA Director General Yukiya Amano visited Sochi to take part in the opening of the 10th ATOMEXPO nuclear power forum and to inaugurate the third Russia-IAEA Nuclear Management School. While in Sochi, Mr Amano met President Vladimir Putin.

REUTERS - Washington was focused on using diplomatic means to halt Nord Stream 2, one of several Russian projects to export gas to western Europe via routes avoiding Ukraine, with which Moscow is involved in a series of disputes.

REUTERS - A consortium of western companies and Russia’s Gazprom that is due to build the controversial subsea Nord Stream 2 gas pipeline to Germany said on Tuesday it was starting preparatory work in the Greifswald bay off Germany’s Baltic coast.

GAZPROM - The parties reviewed the issues of cooperation in the energy industry, focusing on, inter alia, substantial growth in Russian gas exports to Austria. According to preliminary data, from January 1 through May 14, 2018, Gazprom delivered to Austria 4.7 billion cubic meters of gas, an increase of 70.4 per cent from the same period of last year.

WNN - Rosatom, the Russian state nuclear corporation, signed a series of agreements with overseas companies during the Atomexpo conference and exhibition being held this week in Sochi, Russia. The agreements, with Chile, China, Cuba, Finland, Hungary, Iran, Italy, Kazakhstan, Saudi Arabia, Serbia, Spain and Zambia, include the engineering and medical sectors, among others.

REUTERS - “We urge relevant parties to earnestly respect China’s sovereign and jurisdictional rights and not do anything that could impact bilateral relations or this region’s peace and stability,” the spokesman, Lu Kang, told a regular news briefing on Thursday.

МИНЭНЕРГО РОССИИ - Двусторонний диалог в таком формате возобновился спустя пять лет. При этом сотрудничество в области ТЭК играет значимую роль в торгово-экономических отношениях России и Нидерландов. Совместно реализуются значимые для обеих стран энергетические проекты - «Турецкий поток», «Сахалин – 2», «Северный поток 2», «Балтийский СПГ», «Каспийский трубопроводный консорциум», проект разработки Салымских месторождений, проект локализации производства ветроэнергетических установок в России.

ROSATOM - “Signing the contract opens a new chapter in the partnership between Russia and Zambia. In the nearest future, we plan to start extensive practical works, including engineering surveys at the site of the centre, assessment of nuclear infrastructure and subsequent development plan in accordance with IAEA recommendations as well as global and Russian best practice. Construction of the center will enable the Republic of Zambia to become one of the leading players in nuclear technologies application in the Central and Southern African region”.