|Bid||0.00 x 210000|
|Ask||0.00 x 1459000|
|Day's Range||160.68 - 162.50|
|52 Week Range||128.19 - 176.95|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||13.39|
|Earnings Date||Nov 29, 2018 - Nov 30, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.31|
The top Democrat on the Senate Foreign Relations Committee on Wednesday urged the Trump administration not to waive or remove sanctions on Russian oligarch Oleg Deripaska or two companies he controls. In a letter to U.S. Treasury Secretary Steve Mnuchin, Senator Bob Menendez cited unspecified reports that Treasury was considering such a move and noted the department's own analysis says the oligarch is accused of crimes from blackmail to murder. "I see no reason to remove sanctions against Mr. Deripaska, and until he divests from and relinquishes control of Rusal and EN+, there is no justification to remove the sanctions on those companies," he wrote.
2 gas pipeline project, which embodies the contradictions of German foreign policy at a time of rising geopolitical tension. The pipeline begins under the Baltic Sea, comes onshore in Germany, bypassing Ukraine and Poland, and ends at the Austrian border. It is being built by the Kremlin-backed gas group Gazprom, and co-financed by a consortium of German, French, Anglo-Dutch, and Austrian oil and gas companies.
With Nord Stream 2 being completed, Russia’s Gazprom is focusing on Southern Europe, and Bulgaria and Greece are vying for much coveted gas transit contracts
The country’s pipeline gas export monopoly said requests from both existing and new buyers indicated European demand would jump by a quarter. Gazprom is expected to export record gas volumes this year and next, a senior company official said on Monday, reiterating predictions made in June. Rising demand comes despite persisting criticism in the EU over the region’s dependence on Russian gas, and calls for a search for alternative gas sources.
Russia produced 11.369 million barrels a day of crude and condensate last month, a 0.42 percent decline from October, according to preliminary data from the Energy Ministry’s CDU-TEK unit. With Brent plunging more than 30 percent since early October, Russia and Saudi Arabia agreed on Saturday to coordinate their actions in the oil market next year, extending the so-called OPEC+ agreement. While the decision opens the door for a deal at the meeting Russia and the Organization of Petroleum Exporting Countries are holding in Vienna this week, its details, including the size of any potential output cut, are still unclear.
nearing completion between Russia and Germany, is a genuinely commercial project. Proponents of the pipeline are the German, French, Anglo-Dutch and Austrian oil and gas companies providing half the project’s finance, those countries’ governments, Gazprom, the giant Russian gas group that is the owner of the project, its contractors, and the Russian government.
As Russia's relationships with the West become increasingly fragile amid ongoing economic sanctions, Moscow continues to look towards China for economic opportunities — and energy is one space where that relationship is flourishing.
Washington has attempted for years to diminish Russian energy influence in Europe, but the continent’s largest gas supplier continues to outmaneuver the U.S.
Germany is still committed to the NordStream 2 pipeline, which will allow Russia to bypass Ukraine in transporting gas to Europe, despite escalating tension in the region, a government spokesman in Berlin said on Wednesday. The United States and others have stepped up criticism of the project since Russia seized three Ukrainian ships near Crimea on Sunday.
Criticism of the NordStream 2 pipeline, which will allow Russia to bypass Ukraine in transporting gas to Europe, has not affected Germany's view of the project, a government spokesman in Berlin said on Wednesday. Earlier, Ukraine's ambassador to Germany had said the project, which Germany is committed to, should be put on hold after Russia seized three Ukrainian ships near Crimea on Sunday.
The United States and Europe are already feuding over trade, defense spending and Iran. To be clear, the U.S. is right to object to the pipeline, a project conceived to serve Russia’s geopolitical goals rather than Europe’s energy needs.
MOSCOW—Russia is expanding its foothold in the fast-growing natural gas market, despite Western efforts to limit Moscow’s energy influence. Directly squaring off against U.S. shale exporters, Russia has emerged this year as a major player in the burgeoning market for liquefied natural gas, which is exported across the oceans on special ships. Meanwhile, Russia has been pumping gas into Europe at a record pace in existing pipelines, and to the East it’s close to opening a major pipeline into China, the world’s fastest-growing major gas market.
Russia's ZTZ said on Thursday it had won a contract to sell half a million tonnes of pipes to gas giant Gazprom next year for the construction of part of the Power of Siberia pipeline. Gazprom did not respond to a request for confirmation of the contract, which ZTZ said was worth over 42 billion roubles ($641.24 million). Gazprom is obliged to hold tenders for such contracts, but news that the contract had already gone to ZTZ, which only entered the market three years ago, came as a surprise to other producers, who frequently take part in such tenders.
Construction of the offshore part of the TurkStream pipeline that will carry Russian gas across the Black Sea to Turkey has been completed, Russian gas producer Gazprom said on Monday. TurkStream is part of Moscow's efforts to bypass Ukraine as a gas transit route to Europe, which imports around a third of its gas needs from Gazprom. Projects of this kind are purely creative," Russian President Vladimir Putin said as he and Turkish President Tayyip Erdogan attended an official ceremony in Istanbul.
President Vladimir Putin and his Turkish counterpart Recep Tayyip Erdogan met in Istanbul on Monday to oversee the completion of the 930-kilometer (580-mile) underwater part of the TurkStream dual pipeline, which is set to transport Russian gas across the Black Sea to Turkey from next year.
Though Turk Stream’s capacity is much less than the South Stream’s, the pipeline has the potential to significantly impact European markets
Gazprom has moved to protect itself against the impact of any new U.S. sanctions or other risks beyond its control by reserving the right to pay back a 1 billion euro ($1.13 billion)Eurobond in other currencies, a first for a Russian borrower. Gazprom will decide in which currency payments will be made, but did not specify which risks may trigger the use of an "alternative payment currency". Gazprom declined to comment on the document, which was seen by Reuters.
Germany should take care in closing coal-fired power plants to avoid disruption and spread risks evenly, power utility Uniper said on Tuesday. Chief Finance Officer Christopher Delbrueck said on a call with journalists that Uniper had proposed including hard coal plants in a security reserve of 2.7 gigawatts (GW) of brown-coal fired capacity. "This...could provide supply security despite the coming exit from nuclear power (by 2022)," he said.
Key InsightsChina’s emergence as a super power in the energy markets will benefit exporters of liquefied natural gas as well as Russian pipeline gas supplier Gazprom PJSC that’ll next year complete its first link to supply the fuel to China known as Power of Siberia.Even as European gas demand has been revised down amid stricter energy efficiency and renewables targets, gas infrastructure will remain a key asset for security of supply.
A Swiss court has issued an injunction barring the operators of the Nord Stream gas pipeline from making payments to Gazprom (GAZP.MM) as part of a legal dispute between the Russian gas producer and Ukraine's Naftogaz, Gazprom said. All payments from Nord Stream AG and Nord Stream 2 AG to Gazprom are to be directed to the Swiss bailiffs, Gazprom said in a programme for a Eurobond issue dated Nov. 9. Gazprom intends to challenge the injunction in court, TASS news agency quoted the company's chairman, Viktor Zubkov, as saying.
Russian gas giant Gazprom is preparing a 5-year Eurobond denominated in euros, a financial market source said on Monday. Gazprom has mandated Gazprombank, JP Morgan and Unicredit to act as joint lead managers ...
U.S. Minister-Counselor for Economic Affairs in Berlin has said that U.S. LNG will become even more cost-competitive and attractive, and will be able to compete in European gas markets
Rosneft, Russia’s largest oil companies is growing its influence in the Middle East through a number of deals in high-risk environments such as Iraqi Kurdistan
The United States could still impose sanctions related to the building of the Nord Stream 2 pipeline, which would bring Russian gas directly to Germany under the Baltic Sea, U.S. Energy Secretary Rick Perry said on Thursday. Perry was speaking in Warsaw during a visit to east European countries as the administration of President Donald Trump seeks to encourage the purchase of gas from the United States or other suppliers rather than increasing purchases from Russia.