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Russia's Gazprom saw its earnings halved in the first six months of the year due to lower natural gas prices and sinking demand in Europe, while overall debt jumped nearly a third, the company reported Monday.
Russian gas monopoly Gazprom on Wednesday reported a 62 percent drop in net profit for the first quarter of 2009, when the company was hit hard by disruptions of gas supplies to Europe and the plunging value of the ruble.
Gazprom, the world's largest natural gas producer, said Friday it hoped to sign key deals in Azerbaijan next week, raising the possibility that Russia will secure Azeri gas to feed pipelines to Europe.
Coming soon to the stunning snowcapped peaks of southern Siberia — probably the world's highest billboard.
Russian gas monopoly Gazprom said Tuesday its net profit rose 16 percent to 132 billion rubles ($3.6 billion) in the third quarter of 2008 from a year earlier, boosted by high market prices.
An investment firm in Kuwait is forming a pair of joint venture companies with Russia's OAO Gazprom, the Persian Gulf oil-producer's official news agency reported Sunday.
Gazprom, which just a year ago was vowing to become the world's biggest company, is sinking fast as the global meltdown hits hard and the Kremlin uses it as a pawn in its geopolitical battles — most recently in the gas dispute with Ukraine.
Russia's Gazprom says it will cut the amount of gas it ships to Europe through Ukraine to make up for what it says Ukraine has stolen in recent days from pipelines crossing its territory.
Russia's Gazprom said Tuesday its net profit almost tripled in the second quarter of 2008 as the world's largest gas producer reaped earnings from record commodity prices before the global economic crisis took hold.
Russia's state-run gas giant Gazprom said Friday it will ask the government for 100 billion rubles ($3.58 billion) to help fund capital-intensive power projects next year, the state-run RIA-Novosti news agency reported.
Russian state-controlled energy company Gazprom said Tuesday a group of senior executives visited Alaska to discuss energy projects as the gas export monopoly seeks to expand its presence abroad.
Russia's state-controlled gas monopoly Gazprom said Tuesday it agreed to settle Ukraine's debt for gas supplies, seeming to resolve a dispute that has raised concerns of a supply cut to Europe and added to the political uncertainty in Ukraine.
Iranian President Mahmoud Ahmadinejad and his Armenian counterpart will formally open the first stretch of a natural gas pipeline Monday in Armenia, a landlocked country that relies on Russia for most of its gas.
The board of Russian state-controlled natural gas monopoly OAO Gazprom Wednesday reappointed chief executive officer Alexei Miller — who has presided over the company's soaring stock price and apparently rising political role — for a further five years.
Nigaz name sparks racism debateA marketing blunder in Nigeria has got online communities all of a twitter, after a joint oil and gas venture with Russia was named Nigaz. Russia's Gazprom and Nigeria's state-operated NNPC formed the company - pronounced "nye-gaz" - last week.
Gazprom Nigeria venture, Nigaz, stirs racism debate Russian energy giant Gazprom has inadvertently walked into an online racism debate with the announcement of its new joint venture in Nigeria -- Nigaz.
Russia's New Scramble for Africa The Kremlin has launched an ambitious project to restore Moscow's past glory on the African continent. Policy makers in the U.S.
Iran-Pakistan Pipeline: Iran's New Economic Lifeline While the world's eyes are focused on Iran and Pakistan, little attention has been paid to the two countries' recent decision to move ahead with their plans to connect their economies via a 1,300-mile natural gas pipeline to export some 150 million cubic meters of Iran's South P …
Gazprom seals $2.5bn Nigeria dealoh my... clearly not too much though went into choosing that name: The new firm, to be called Nigaz, is set to build refineries, pipelines and gas power stations in Nigeria.
Gazprom's going to be a bankrupt -or- When Intelligence doesn't workA hint of why the Gazprom wouldn't mind another 'gas war' against the neighbouring countries. Because... the biggest Russian monopoly does not have enough natural gas to fulfill all its contracts! The crisis is coming...
After the formal ending of gas conflict between Russia and Ukraine each party has begun to speak about its own victory, though it seems to me there is a clear understanding in these two countries that the conflict hasn't winners, only losers.
The recent row between Gazprom and Ukraine has led to a debilitating lack of oil in the Balkans. It has taken on many forms, factories shutting down, schools closing, radiators in housing complexes turning off and so on. 96% of Bulgaria's oil comes from Russia.
EU Threatens Legal Action in Continuing Gas DisputeDespite the signing of an agreement on Jan. 12, gas is still not flowing from Russia to the EU via the Ukraine.
Russian gas to Europe 'blocked'Russian gas giant Gazprom says Ukraine has blocked gas deliveries to Europe, dashing hopes of ending a row which has hit several countries' supplies.
Ukraine warns EU of gas 'problem' Ukraine has warned that there could be serious problems with gas supplies for European Union countries if its dispute with Russia is not settled soon.
Ukraine: Serious gas shortages possibleA top Ukrainian official warned Saturday that European customers could see serious natural gas disruptions in two weeks unless an energy dispute between Russia and Ukraine was resolved, and the Russian gas monopoly Gazprom accused Ukraine of boycotting contract negotiations.
Russian Gas Theories AboundThis article clearly explains the theories about why the Russian petrol company, Gazprom has shut off the gasoline supply to the Ukraine and as a result limiting gasoline to Western continental Europe.
Russia shuts off gas to UkraineRussia has stopped all gas supplies to Ukraine after the collapse of talks to end a row over unpaid bills and prices. Russia's gas giant Gazprom said it turned off the taps at 0700 GMT, when its contract to supply Ukraine ended.
Ukraine threatens to seize Russian gasUkraine's Naftogaz said in a letter addressed to energy giant Gazprom on Wednesday it could start confiscating Russian natural gas meant for European consumers after January 1 if no new contract is agreed for 2009.
Russia's Once Mighty Oil Giant Gazprom Buried In Debt, Seeking Government BailoutA year ago, Gazprom, the Russian natural gas monopoly, aspired to be the largest corporation in the world.
Gazprom Can See Alaska from Its Door[Excerpt:] - Gazprom has begun negotiations with the American company ConocoPhillips on producing natural gas in Alaska and building the Den Ali pipeline from Alaska to Chicago.
BP sells Siberia stake to Gazprom (for 'a fraction of what TNK-BP of its worth. BP's Russian joint venture TNK-BP has agreed to sell Gazprom its majority interests in the giant Kovykta field for between $700m-$900m (£350m-£450m). Analysts said this is a fraction of what TNK-BP's stake is worth, and that it is the latest example of the Kremlin forc …
Gazprom, Nigeria plan joint venture[Excerpt:] - Gazprom and the Nigerian National Petroleum Corporation plan to set up a joint venture, the Russian energy giant said on Wednesday. Gazprom CEO Alexei Miller and NNPC Managing Director Yar'Adua signed a memorandum of understanding in Moscow on Wednesday.
Gazprom Offers to Buy All of Libya's Gas"Gazprom has expressed its willingness to buy Libyan oil and any available quantities of gas," Gazprom's chief, Alexei B. Miller, met with Col.
Gazprom's aggressive growth At the height of the Cold War, the West feared the Soviet military. Now, it fears Russian energy companies, and the 800-pound gorilla of them all is Gazprom, Russia's natural gas monopoly, currently the world's third-largest company by capitalization.
georgiandaily.com - Gazprom's move on Abkhazia: more reasons for Georgia to block Russia's WTO accessionussia's Gazprom has announced its intention to launch exploration for oil and gas in Abkhazia on July 1, apparently offshore in the Black Sea. According to a notice just circulated by Gazprom's board, the June 27 shareholders' meeting will discuss plans by Gazprom, its sub …
TNK-BP row escalatesThe Russians accuse BP of backing away from a development project in Northern Iraq believing it could be viewed unfavourably by the US… thus undermining the consortium's independence.
Georgia Today on the WebSeveral days ago news agencies buzzed with the information that the head of GazProm, Aleksei Miller, suggested the government of Azerbaijan should buy natural gas from that country at 'European prices.' This information seems to be true.
Aleksey Miller: Oil up to $US 250 per barrelThe Chief Executive of Gazprom says the state-run energy giant will become the world's largest company. Speaking at a European Business Congress in France, Aleksey Miller said Gazprom will be worth a massive $US 1 trillion in seven to eight years.
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