2019-12-02 13:30:00
GAZPROM, WINTERSHALL MEETING
GAZPROM - November 29, 2019 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Mario Mehren, Chairman of the Board of Wintershall Dea, took place in St. Petersburg today.
The meeting was focused on the current issues of cooperation between the companies. Particular attention was paid to natural gas deliveries. The parties noted the contribution of the Nord Stream gas pipeline to the reliability and safety of gas supplies to consumers in Germany and Europe.
Special emphasis at the meeting was placed on the progress of the Nord Stream 2 project and the development of the German gas transmission system.
In addition, the parties discussed the ongoing interaction between the companies on developing deposits located in Russia. Alexey Miller and Mario Mehren expressed their appreciation for the joint efforts on the projects for the development and exploration of Blocks 1A, 4A and 5A in the Achimov formations of the Urengoyskoye oil, gas and condensate field and the Yuzhno-Russkoye oil and gas field.
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Background
In 2018, Gazprom's gas supplies to Germany hit a record high of 58.5 billion cubic meters, an increase of 5.1 billion cubic meters (9.5 per cent) against the 2017 record of 53.4 billion cubic meters.
Wintershall Dea GmbH is Europe's largest independent oil and gas producer, formed by the merger of Wintershall Holding GmbH (subsidiary of BASF) and DEA Deutsche Erdoel AG (subsidiary of LetterOne).
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 2017, Nord Stream 2 AG signed agreements with ENGIE, OMV, Royal Dutch Shell, Uniper, and Wintershall to provide financing for 50 per cent of the total cost of the project.
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Earlier:
2019, November, 29, 15:35:00
RUSSIA UKRAINE GAS TALKS
The parties discussed Russian-Ukrainian cooperation in the gas sector, including the settling of mutual claims related to the execution of contracts, the terms of transiting Russian gas to Europe from 2020 onward, and the outlook for direct purchases of Russian gas for Ukrainian consumers.
2019, November, 29, 15:30:00
GAZPROM PROFIT +3%
Profit attributable to the owners of PJSC Gazprom amounted to RUB 1,048,286 million for the nine months ended September 30, 2019, which is by RUB 31,036 million, or 3%, more than for the same period of the prior year.
2019, November, 25, 13:20:00
GAZPROM SOLD SHARE 3.59%, $3 BLN
Gazprom Gazoraspredeleniye, a company controlled by Gazprom, successfully completed the sale of 850,590,751 ordinary shares of Gazprom (3.59 per cent of the share capital).
2019, November, 22, 12:10:00
RUSSIA'S GAS DISCOUNT: 20-25%
Last week, President Vladimir Putin said Russia wanted to resume direct gas sales to Ukraine -- and would be prepared to reduce the price Kyiv paid by 20%-25%.
2019, November, 22, 12:05:00
NORD STREAM 2: 2020
The potential delay in Nord Stream 2 construction also undermines Russia's position in negotiating a new transit deal with Ukraine's Naftogaz. Ukraine transited some 87 Bcm of Russian gas to Europe in 2018 -- or some 44% of total Russian exports -- but those volumes are set to slump once the planned Nord Stream 2 and TurkStream gas pipelines come online.
2019, November, 20, 11:30:00
GAZPROM'S PROPOSAL FOR NAFTOGAZ
In a statement, Gazprom said it had sent a letter to Naftogaz -- signed by Gazprom CEO Alexei Miller -- to "extend the existing contract or to conclude a new gas transit agreement through Ukraine for a period of one year."
