|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||29.95 - 30.01|
|52 Week Range||19.89 - 30.07|
|Beta (3Y Monthly)||1.00|
|PE Ratio (TTM)||2.85|
|Forward Dividend & Yield||0.80 (2.78%)|
|1y Target Est||N/A|
From Jan. 1, 2020, the vast majority of vessels will be forced to curb consumption of the product, under rules set out by the International Maritime Organization. The biggest Russian manufacturers of the fuel, and the principal refineries they use, are detailed below, using data from CDU-TEK, part of the Energy Ministry. Rosneft is the nation’s biggest producer, with its refineries including Ryazan and Tuapse, accounting for more than 30 percent of the nation’s total supply.
ASHGABAT, Turkmenistan (AP) — The head of Russia's giant state-controlled gas company says it plans to resume imports from Turkmenistan after a three-year break over a pricing dispute.
Austria has moved to acquire Russian oil and gas assets, to the chagrin of some of its European neighbors. This transaction is a capitulation of a long asset swap dispute with Norway over OMV's Norwegian assets, which were originally earmarked to be swapped with Gazprom back in 2016.
The Nord Stream 2 gas pipeline is important to secure German energy supplies and Russia is a safe and reliable provider, Thomas Bareiss, Germany's state secretary for energy, said. U.S. President Donald Trump has said the project increases reliance on Russian gas and has warned Western firms invested in it that they are at risk of sanctions. Gas is due to start flowing to Europe through the pipeline at the end of 2019 and will allow Russia's Gazprom (GAZP.MM) to stop piping gas via Ukraine where it has clashed with authorities over pricing and other issues for years.
European efforts to import more liquefied natural gas are starting to pay off, moving the region further away from Russia’s energy orbit and potentially creating more opportunities for U.S. producers. Shifting to LNG has been a significant turning point for countries such as Lithuania and Poland, whose energy bills have fallen since they built LNG terminals in 2014 and 2016, respectively. The new LNG terminals on the Baltic Sea, Russia’s former backyard, are expected to prompt the opening of other European facilities that can turn to shipments of natural gas from places like the U.S. and Qatar, industry experts said.
The controversial Nord Stream 2 pipeline project appears to be moving past the point of no return as Russia and Germany refuse to give in to external pressures
Despite some regulatory headwinds, Gazprom continues to expand market share in Europe and profit from both higher gas prices and growing demand in this key market
Energy relations between China and Russia are growing stronger by the day, with a new natural gas pipeline being driven through due to growing geopolitical fears
As the Gastech conference begins this week in Barcelona, we focus on the geopolitically charged issue of increasing Russian exports of gas to Europe. With the U.S. Energy Information Agency (EIA) announcing that the U.S. has exceeded Russia's crude oil production for the first time since 1999, tensions between the U.S. and Russia continue on the back of last week's meeting between U.S. Energy Secretary Rick Perry and Alexander Novak, the Minister of Energy of the Russian Federation. Perry has warned that Moscow can no longer use energy as an economic weapon and that potential sanctions could come for building the Nord Stream 2 pipeline.
PJSC Gazprom Neft (MCX:SIBN), a large-cap worth RUруб1.55t, comes to mind for investors seeking a strong and reliable stock investment. Most investors favour these big stocks due to their strongRead More...
Gazprom Neft announces that it has joined forces with China National Petroleum Corporation to develop enhanced oil recovery technologies.
Assessing Public Joint Stock Company Gazprom Gazoraspredelenie Rostov-na-Donu’s (MCX:RTGZ) past track record of performance is an insightful exercise for investors. It allows us to reflect on whether or not theRead More...
Imagine a decade from now, U.S. giant Exxon Mobil Corp. has been knocked from its perch as the world’s largest oil company by its rival from tiny Portugal -- about 20 times smaller. It seems unlikely, but something equally strange has just happened in Russia. State-run Gazprom PJSC -- the world’s biggest natural gas producer -- was surpassed in market capitalization by the much smaller Novatek PJSC.
MOSCOW/FRANKFURT (Reuters) - The Nord Stream 2 pipeline to transport Russian gas to Germany is progressing on schedule, its operator said on Friday, with European investors still committed to the project despite criticism from the United States and the threat of sanctions. Berlin and Moscow have been at odds since Russia annexed Crimea four years ago, but they have a common interest in the Nord Stream 2 project. The pipeline will allow Russia to bypass Ukraine, where its gas giant Gazprom has faced past disruptions.
Russia's Gazprom (GAZP.MM) said on Friday it was taking a pause in using some of its debt tools but the gas giant said it had not suspended its loans programme and still had access to private loans. Gazprom suspended its external borrowing programme this year because of a deepening legal dispute with Ukraine's Naftogaz over gas supplies, banking sources said this month. A London court in June froze the firm's assets in Britain at the request of Naftogaz.
Gazprom said on Friday it was taking a pause from using some of its debt tools but the Russian gas giant said it had not suspended its loans programme and it still had access to private loans. Gazprom suspended its external borrowing programme this year because of a deepening legal dispute with Ukraine's Naftogaz over gas supplies, banking sources said this month. A London court in June froze the firm's assets in Britain at the request of Naftogaz.
Polish gas company PGNiG (PGN.WA) expects to spend more than 7.5 billion zlotys (1.54 billion pounds) on its distribution network by 2022, its chief executive said, after shareholders recently voted in favour of investment over dividends. In a vote on July 20, shareholders of the state-controlled company, Poland's dominant gas provider, voted to allocate 2017 net profit to reserve funds, freeing it up to be used for investment. "As long as our owners will not require dividends, we will certainly invest in distribution, even over the figure of 7.5 billion over the period by 2022," Chief Executive Piotr Wozniak told a conference call with analysts.
Russian gas giant Gazprom reported a surge in second-quarter net profit, beating analysts' expectations, as it benefited from rising energy prices. It said second-quarter net profit jumped to 259 billion roubles ($3.8 billion), from 48 billion roubles in the year-earlier period and above a forecast of 228 billion roubles in a Reuters survey of analysts. Gazprom's shares were up 1.1 percent after the results, outperforming the broader Moscow stock market, which was 0.8 percent higher.
Looking at Public Joint Stock Company Gazprom’s (MCX:GAZP) earnings update in March 2018, it seems that analyst forecasts are substantially optimistic, as a 58.9% rise in profits is expected inRead More...
BUCHAREST, Romania (AP) — Moldova's government says it will wait for a new Romanian gas pipeline to be built rather than extend a deal with Russian energy company Gazprom.
Since PJSC Gazprom Neft (MCX:SIBN) released its earnings in March 2018, analysts seem fairly confident, as a 36.70% increase in profits is expected in the upcoming year, against the pastRead More...