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Gazprom PAO (GAZP.MM)

GAZP.MM on Moscow Interbank Currency Exchange

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17 Oct 2017
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Latest Key Developments (Source: Significant Developments)

Russia's Gazprom to sustain pace of production in 2018-Interfax
Friday, 6 Oct 2017 03:50am EDT 

Oct 6 (Reuters) - Russia's biggest natural gas producer Gazprom ::Plans to maintain the pace of daily gas production in 2018, Interfax quoted Vsevolod Cherepanov, a member of Gazprom's management board, as saying on Friday..Gazprom currently produces 1.38 billion cubic metres (bcm) of gas per day, Cherepanov was quoted as saying..In 2017, Gazprom's natural gas production is expected to reach 470 bcm compared with 419 bcm in 2016, Cherepanov said. .  Full Article

Petrofac secures 340 mln euro EPC contract with unit of Gazprom
Tuesday, 5 Sep 2017 02:32am EDT 

Sept 5 (Reuters) - Petrofac Ltd :AWARDED EPC CONTRACT, VALUED AT APPROXIMATELY 340 MILLION EUROS, WITH SOUTH STREAM TRANSPORT B.V., UNIT OF GAZPROM.WILL PROVIDE ENGINEERING, PROCUREMENT AND CONSTRUCTION FOR RECEIVING TERMINAL, WHICH WILL BE READY FOR COMMERCIAL OPERATIONS IN DECEMBER 2019.PETROFAC TO BUILD GAS RECEIVING TERMINAL IN TURKEY.  Full Article

Russia's Gazprom Neft approves 50 bln rouble credit line
Tuesday, 29 Aug 2017 02:22am EDT 

Aug 29 (Reuters) - Russian oil producer Gazprom Neft says::The board of directors has approved opening a credit line of up to 50 billion roubles ($855 million) for up to five years at Sberbank <<>>. .  Full Article

Poland's PGNiG Q2 net profit at 499 mln zlotys, below estimates
Friday, 18 Aug 2017 12:31am EDT 

Aug 18 (Reuters) - POLSKIE GORNICTWO NAFTOWE I GAZOWNICTWO SA ::H1 NET PROFIT AT 2.10 BILLION ZLOTYS VERSUS 1.27 BILLION ZLOTYS A YEAR AGO.Q2 SALES AT 7.2 BILLION ZLOTYS VERSUS 7.34 BILLION ZLOTYS SEEN IN REUTERS POLL.Q2 NET PROFIT AT 499 MILLION ZLOTYS VERSUS 724 MILLION ZLOTYS SEEN IN REUTERS POLL.Q2 OPERATING PROFIT AT 768 MILLION ZLOTYS VERSUS 73 MILLION ZLOTYS A YEAR AGO.Q2 EBITDA AT 1.41 BILLION ZLOTYS VERSUS 1.60 BILLION ZLOTYS SEEN IN REUTERS POLL.  Full Article

OMV CEO: Nordstream 2 financing not made easier by U.S. sanctions
Thursday, 10 Aug 2017 04:48am EDT 

Aug 10 (Reuters) - Omv Ag :Omv CEO says does not expect siberian gas field operations to be affected by U.S. Sanctions.Omv CEO says too early to say what effects U.S. Sanctions on Russia will have exactly, we are standing by NS 2 in framework of what's possible.Omv CEO says have made Nordstream 2 transaction of around 200 million eur, financing of NS2 has not been made easier by U.S. Moves.Omv CEO says sees potential that Nordstream 2 financing can be implemented as planned.Omv CEO says have not got yet got $48 mln owed by Iran back nL8N1IQ53L.  Full Article

Russia's Gazprom gets 300 mln euro loan from VTB - bank
Tuesday, 13 Jun 2017 06:11am EDT 

June 13 (Reuters) - Gazprom ::Gazprom has obtained a 300-million-euro ($336.30 million) loan for up to 10 years from Russia's second-biggest bank VTB <<>>, VTB said in a statement..VTB said the insurance coverage was provided by Austria's export credit agency OeKB. .  Full Article

Sinopec Engineering Group signs contract with Sinochem Quanzhou Petrochemical Co
Tuesday, 6 Jun 2017 05:14am EDT 

June 6 (Reuters) - Sinopec Engineering Group Co Ltd <2386.HK>:‍Contract value of sinochem quanzhou ethylene contract is approximately rmb4.259 billion​.Signed a contract of engineering, procurement and construction with Sinochem Quanzhou Petrochemical Co.‍Completion of sinochem quanzhou project is expected to be in around december 2020​.Group signed an epc contract for sinopec zhenhai project with sinopec zhenhai refining & chemical co.Contract value of sinopec zhenhai residue hydrogenation contract is approximately rmb1.376 billion.Completion of sinopec zhenhai project is expected to be in around september 2018.Consortium of group and maire tecnimont spa signed an epc contract for agpp project with public joint stock co gazprom.Total contract value of three contracts of about rmb6.547 billion will be recorded as a backlog of co.  Full Article

OMV says signs MOU with Gazprom on supplying gas to central Europe
Friday, 2 Jun 2017 08:18am EDT 

June 2 (Reuters) - OMV ::Says signs MOU with Gazprom outlining potential cooperation in developing gas transmission infrastructure required for providing natural gas supplies to central and southeastern Europe.Says a framework agreement was also signed to collaborate with Gazprom in the small-scale LNG sector.Says the parties intend to cooperate in a joint integrated project for a small-scale LNG production terminal in the area of the Russian Black Sea coast.  Full Article

Maire Tecnimont unit as leader of consortium signs contract for EUR 3.9 bln with Gazprom in Russia
Friday, 2 Jun 2017 03:55am EDT 

June 2 (Reuters) - MAIRE TECNIMONT SPA ::ITS UNIT TECNIMONT, AS LEADER OF CONSORTIUM WITH SINOPEC ENGINEERING GROUP, SIGNS CONTRACT FOR EUR 3.9 BILLION WITH GAZPROM <<>> IN RUSSIA.THE CONTRACT VALUE IS COMPOSED BY AN EP LUMP SUM PORTION OF APPROXIMATELY EUR 1.7 BILLION AND PROVISIONAL REIMBURSABLE PORTION RELATED TO CONSTRUCTION WORKS, SITE SERVICES AND SITE LOGISTICS, OF APPROXIMATELY EUR 2.2 BILLION.THE CONTRACT RELATES TO THE EXECUTION OF THE “PACKAGE NUMBER 3” CONSISTING OF UTILITIES, INFRASTRUCTURE AND OFFSITES FACILITIES OF THE AMURSKI GAS PROCESSING PLANT (AGPP) IN SVOBODNY CITY.  Full Article

OMV says Petrol Ofisi sale to weigh on clean CCS EBIT
Monday, 6 Mar 2017 05:38am EST 

OMV AG says : there will be an approximately 100 million eur negative impact in clean CCS EBIT following the divestment of OMV Petrol Ofisi - analyst presentation . unit production costs in Yuzhno Russkoye are expected to be below 2 USD per barrel of oil equivalent on average for the contracted period - analyst presentation . Yuzhno Russkoye gas will be sold to Gazprom, volumes will be 50 percent sold domestically at Russian domestic price netback and 50 percent at German import price netback - analyst presentation Further company coverage: [OMVV.VI] ((vienna.newsroom@thomsonreuters.com; +43 1 53112 255;)).  Full Article

UPDATE 1-Gazprom increases 2017 investment programme by $3.7 bln

MOSCOW, Oct 18 Gazprom said on Wednesday its board had decided to increase its investment programme for 2017 by 217.3 billion roubles ($3.79 billion) to 1.13 trillion, citing the need to boost financing of big projects.