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Latest Gazprom Stories

2013-10-22 16:22:14

BEIJING, Oct. 22, 2013 /PRNewswire/ -- OAO NOVATEK ("NOVATEK") announced the conclusion of Heads of Agreement for the supply of liquefied natural gas (LNG) between Yamal LNG and China National Petroleum Corporation ("CNPC"). The document provides for the supply of no less than three (3) million tons of LNG per annum at delivered ex-ship (DES) terms for a period of 15 years with possible supply extension, with the LNG price is indexed to the Japanese Crude Cocktail. Chairman of the...

2013-10-16 16:21:49

MOSCOW, Oct. 16, 2013 /PRNewswire/ -- OAO NOVATEK ("NOVATEK" and/or the "Company") announced today the completion of construction and the start of commissioning tests at the second stage of the Gas Condensate Fractionation and Transshipment Complex located at the port of Ust-Luga on the Baltic Sea. The second stage includes a stable gas condensate fractionation unit with nameplate capacity of three (3) million tons per annum and an additional deep-water berth. Following the launch...

2013-10-11 12:21:54

MOSCOW, Oct. 11, 2013 /PRNewswire/ -- OAO NOVATEK ("NOVATEK" and/or the "Company") reported today preliminary production data for the third quarter and nine months 2013. In the third quarter 2013, NOVATEK's gross production totaled 14.53 billion cubic meters (bcm) of natural gas and 1,143 thousand tons of liquids (gas condensate and crude oil). Gross natural gas production increased by 1.21 billion cubic meters, or by 9.1%, and gross liquids production increased by 147 thousand tons,...

2013-09-27 12:23:01

MILAN, September 27, 2013 /PRNewswire/ -- In Milan, the leaders of South Stream and Gazprom make their case of the pipeline's value for Europe Security of supply, diversification of energy sources and a strong partnership between the energy enterprises of Europe: these were the questions addressed at "South Stream: The Evolution of a Pipeline", a conference held today in Milan, where leaders of South Stream and Gazprom, along with governmental partners and sector...

2013-09-11 12:21:22

KYIV, Urkaine, September 11, 2013 /PRNewswire/ -- A new agreement between German electric utilities company RWE and Ukrainian state oil and gas managing company Naftogaz has been signed on September 5, 2013, informed Eduard Stavytskyi, Minister of Energy and Coal Industry of Ukraine, as quoted by rbc.ua. The newly signed document regulates both gas supply to Ukraine and gas storage in the Ukrainian underground facilities, reports Unian. The cooperation with a German...

2013-09-10 12:24:26

MOSCOW, Sept. 10, 2013 /PRNewswire/ -- Today, OAO NOVATEK, China National Petroleum Corporation and a consortium of Chinese financial institutions concluded a memorandum on project financing for the Yamal LNG project. According to the memorandum, the Chinese commercial banks - China Development Bank Corporation, Industrial and Commercial Bank of China, Bank of China and China Construction Bank, - will consider actively participating in the external project financing transaction of...

2013-09-06 12:21:21

MOSCOW, Sept. 6, 2013 /PRNewswire/ -- OAO NOVATEK ("NOVATEK" or the "Company") today announced the results of its Board of Directors ("the Board") meeting held in Sabetta, Yamal- Nenets Autonomous District of Russia. The Board discussed the Company's results for the first half 2013 and decided to convene an Extraordinary General Meeting of Shareholders ("EGM") in the form of absentee voting on 22 October 2013 to approve the interim dividends for the first half 2013. The record date...

2013-09-05 12:22:32

MOSCOW, Sept. 5, 2013 /PRNewswire/ -- Today, in the presence of the President of Russian Federation Vladimir Putin and the Chairman of People's Republic of China Xi Jinping, OAO NOVATEK ("NOVATEK") and China National Petroleum Corporation ("CNPC") concluded an agreement on purchase of a 20% equity share in the Yamal LNG project ("Project") by CNPC. The transfer of title to the equity share is subject to receipt of necessary regulatory approvals and expected to be completed by 01...

2013-08-09 12:21:02

MOSCOW, Aug. 9, 2013 /PRNewswire/ -- OAO NOVATEK ("NOVATEK" and/or the "Company") today released its consolidated interim condensed financial information for the three and six months ended 30 June 2013 prepared in accordance with International Financial Reporting Standards ("IFRS"). IFRS Financial and Operational Highlights (in millions of Russian roubles unless otherwise stated) 2Q 2013 2Q 2012...

2013-08-05 12:23:21

MOSCOW, Aug. 5, 2013 /PRNewswire/ -- OAO NOVATEK ("NOVATEK" and/or the "Company") has received a notice from OOO Santata regarding a decrease in its equity stake in the Company from 11.75% to 7.125%. In accordance with a press release for the Volga Group, which includes OOO Santata, the change is due to repo transactions necessary under financing terms with international and Russian banks and does not affect the consolidated shareholding in NOVATEK by the Volga Group. OAO NOVATEK...