|Bid||123.27 x 210000|
|Ask||123.31 x 1459000|
|Day's Range||122.56 - 123.71|
|52 Week Range||120.55 - 160.62|
|PE Ratio (TTM)||10.25|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Volkswagen is in talks with E.ON and Gazprom to back its efforts to promote cars running on natural gas, Chief Executive Matthias Mueller told Austria's ORF radio. Europe's biggest carmaker is working on a shift towards electric cars and fuel-saving technologies as it looks to lower its fleet-wide carbon dioxide (CO2) emissions and to overcome its diesel emissions scandal. Separately, Mueller reiterated his opposition to offering payments to European customers affected by VW's emissions cheating.
Poland will receive its first liquefied natural gas supplies (LNG) from the United States in mid-June as a result of a deal Polish gas firm PGNiG signed with Cheniere Energy, state-run PGNiG said on Thursday. Cheniere Energy will make the spot delivery at the Swinoujscie terminal on the Baltic Sea. Poland, which consumes around 15-16 billion cubic metres (bcm) of gas annually, built its first LNG terminal in Swinoujscie as part of a bigger plan to reduce reliance on gas it imports from Russia's Gazprom.
Western partners of gas giant Gazprom agreed on Monday to provide half the financing for the 9.5-billion euro ($10.32 billion) Nord Stream 2 pipeline, removing a big hurdle for a Russian plan to pump more gas to Europe. The commercial endorsement of the project by Western firms offers Russian state-owned Gazprom, which already supplies around a third of the EU's gas, fodder to counter critics of a project that has divided opinion in Europe.