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2018-09-26 09:30:00

GAZPROM FOR AUSTRIA: +34.5%

ГАЗПРОМ ДЛЯ АВСТРИИ: +34.5%

GAZPROM A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Rainer Seele, Chairman of the Executive Board of OMV, took place in St. Petersburg.

The parties discussed strategic cooperation, focusing on Russian gas exports. It was noted that, according to estimates, in the period from January 1 through September 23, 2018, Gazprom had delivered 7.8 billion cubic meters of gas to Austria, an increase of 34.5 per cent from the same period of last year.

Particular attention at the meeting was paid to the progress of the Nord Stream 2 project. Alexey Miller informed Rainer Seele of the continuing pipelaying in Finland's exclusive economic zone and the ongoing preparations in Germany's territorial waters.

Cultural partnership was also discussed during the meeting. The parties noted that there was strong public interest in the "Old Masters from the Hermitage" exhibition that had opened at Vienna's Kunsthistorisches Museum in honor of the 50-year anniversary of Russian gas supplies to Austria. The exhibition features acclaimed works from the two Russian and Austrian museums. On October 5, the exclusive exhibition will open at the Hermitage Museum under the title "Imperial Capitals: St. Petersburg – Vienna. Masterpieces of Museum Collections."

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Background

OMV AG is Gazprom's main partner in Austria. The companies cooperate in gas production, transportation and supplies.

On June 5, 2018, an Agreement was signed to extend until 2040 the existing contract between Gazprom Export and OMV Gas Marketing & Trading GmbH for Russian gas supplies to Austria. The contract had been valid until 2028.

June 1, 2018, marked 50 years since the start of Russian gas supplies to Austria.

In 2017, Gazprom set a new record for gas exports to Austria at 9.1 billion cubic meters, a rise of 50.3 per cent (3 billion cubic meters) from 2016 (6.1 billion cubic meters) and 33.7 per cent (2.3 billion cubic meters) from 2005, when the previous record had been reached (6.8 billion cubic meters).

Nord Stream 2 is the construction project for a gas pipeline with the annual capacity of 55 billion cubic meters from Russia to Germany across the Baltic Sea.

In 2016, Gazprom and OMV launched "Imperial Capitals: St. Petersburg – Vienna," a joint cultural project uniting the art and history of Russia and Austria. As part of the "Old Masters from the Hermitage" exhibition, the State Hermitage Museum in St. Petersburg and the Kunsthistorisches Museum in Vienna selected 14 paintings by Rembrandt, van Dyck, Tintoretto, Botticelli and other great masters, pairing up the artworks based on their authorship, themes or compositional arrangements.

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Earlier:

 СЕВЕРНЫЙ ПОТОК - 2 СТАРТОВАЛ В ФИНЛЯНДИИ
2018, September, 7, 12:33:00

NORD STREAM-2 STARTS IN FINLAND

GAZPROM - The offshore pipelay vessel Solitaire started the pipelay for the Nord Stream 2 natural gas pipeline in the Gulf of Finland.

 РУССКИЙ ГАЗ ДЛЯ ЕВРОПЫ
2018, August, 13, 13:50:00

RUSSIAN GAS FOR EUROPE

PLATTS - Russian state-owned gas producer and transporter Gazprom filed a complaint with the WTO about the legislation in April 2014, arguing Russian infrastructure was being treated unfairly. Since then, constraints on access to OPAL have been lifted, resulting in flows via Nord Stream increasing to full capacity of 155 million cu m/day. The decision is therefore not expected to be market moving.

 NORD STREAM 2 FINANCING
2018, July, 4, 12:15:00

NORD STREAM 2 FINANCING

REUTERS - “The project will definitely be financed. It is important for Gazprom and Russia currently has a high liquidity in euros,” Paul Corcoran, the Nord Stream 2 CFO, told Welt am Sonntag in an interview.

 

 RUSSIA'S GAZPROM RECORD
2018, July, 2, 12:01:00

RUSSIA'S GAZPROM RECORD

PLATTS - Russian gas giant Gazprom can set a new historical gas export record ofnearly 200 Bcm in 2018, up nearly 3% on the year, as demand in Europecontinues rising amid declining production in the region, the company'sCEO Alexei Miller said Friday.

 ГАЗПРОМ ДЛЯ ГЕРМАНИИ: +13%
2018, June, 22, 13:15:00

GAZPROM FOR GERMANY: +13%

GAZPROM - The meeting highlighted that Germany continued to ramp up its imports of Russian gas. According to preliminary data, from January 1 through June 19, 2018, Gazprom supplied Germany with 28.2 billion cubic meters of gas, an increase of 13.1 per cent from the same period of 2017.

 NORD STREAM TO GERMANY
2018, May, 18, 08:50:00

NORD STREAM TO GERMANY

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.

 ГАЗПРОМ - АВСТРИЯ: +70,4%
2018, May, 18, 08:45:00

GAZPROM - AUSTRIA: +70.4%

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.

 

 

Tags: ГАЗПРОМ, АВСТРИЯ, ГАЗ, OMV

Chronicle:

ГАЗПРОМ ДЛЯ АВСТРИИ: +34.5%
2018, October, 22, 11:55:00

RUSSIA - EXXON: NEW PROJECTS

BLOOMBERG - Russia has begun discussions with Exxon Mobil Corp. on possible new oil and gas projects, potentially creating a dilemma as the U.S. government mulls more sanctions against the country.

ГАЗПРОМ ДЛЯ АВСТРИИ: +34.5%
2018, October, 22, 11:50:00

IMF HAS UKRAINE FOR $3.9 BLN

IMF - The agreement reached today reflects the IMF’s commitment to continue to help Ukraine achieve stronger, sustainable, and inclusive economic growth. The new program has been developed in close coordination with the World Bank and the European Union, who have parallel operations to support Ukraine. The authorities’ steadfast and effective implementation will be critical for the program to achieve its objectives.

ГАЗПРОМ ДЛЯ АВСТРИИ: +34.5%
2018, October, 22, 11:45:00

UKRAINE'S GAS PRICES UP 23.5%

CNBC - Ukraine announced on Friday it would raise household gas prices by nearly a quarter as Prime Minister Volodymyr Groysman warned that the country risked default if it crashed out of its International Monetary Fund aid program.

ГАЗПРОМ ДЛЯ АВСТРИИ: +34.5%
2018, October, 22, 11:40:00

SCHLUMBERGER NET INCOME $644 MLN

Schlumberger Announces Third-Quarter 2018 Results Revenue of $8.5 billion increased 2% sequentially Pretax operating income of $1.2 billion increased 5% sequentially EPS was $0.46 Cash flow from operations was $1.8 billion Free cash flow was $1.0 billion

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