Gazprom

Solution on resources for loading of the 3rd stage of LNG plant of the Sakhalin-2 project must be made by Gazprom’s Board

A solution on the attraction of a resource base of the Kirinsk field, which belongs to Gazprom, for loading of the 3rd stage of LNG plant of the Sakhalin-2 project must be made by Gazprom’s Board during the consideration of the investment justification issue, the Shell’s Deputy Chairman in Russia, Igor Ignatiev reported to the ITAR-TASS.

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Gazprom to expect start of production at Ipati and Aquio blocks in Bolivia in 2016

Gazprom expects that the industrial production at the Ipati and Aquio blocks in Bolivia will start in 2016; and in 2014 the geological exploration at the Azeri block is planned to be started, the magazine Gazprom reports.
In 2008, Gazprom and Bolivian EPFB signed agreements on study of the potential of the Sunchal and Azeri blocks. In turn, Total E&P Bolivie let Gazprom have a share of its participation in the Ipati and Aquio blocks; by then a gas deposit at the depth of 5.4-6.5 km had been discovered in the territory of the first one. In 2011, a gas field was discovered at the Aquio block.

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Gazprom will pay back to the European consumers $900 million

The retroactive liabilities of Gazprom for back payments to the European consumers of overpaid funds will be less than $800 - 900 million after revision, the Deputy Chairman of Gazprom Management Board A. Medvedev says. They act conservatively and reserve funds for maximal orders. However the solution is at much lower levels.
Under the accounting for Q2 and Q3 2012, the sum of retroactive liabilities was 133 billion rubles, but it declined to 103 billion rubles for the whole 2012.

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Gazprom to make a major contribution to the provision of increasing gas demand in Europe

Today, the press conference "Export and improvement of reliability of gas supplies to Europe" has taken place in the Gazprom’s central office within a series of meetings between the Gazprom’s management with journalists on the eve of the next annual meeting of the company’s shareholders. The participants of the press conference were the Deputy Chairman of the Gazprom’s Board of Directors and General Director of Gazprom export Alexander Medvedev and the Head of the Gazprom’s Department of Foreign Economic Activity Pavel Oderov, the Gazprom’s Information Department reported.
During the press conference it was noted that in 2012 total supplies of Gazprom to foreign countries under long-term contracts made up to 138.8 billion cubic meters of natural gas. More than 8% of this volume was delivered through the Nord Stream pipeline. Today the leading buyers of Russian gas are Germany, Turkey and Italy. In 2012, 64.4 billion cubic meters of natural gas were supplied to the CIS countries and the Baltic states. In 2012, the Gazprom’s proceeds from gas supplies to Europe made up $55.9 billion, and to the CIS and Baltic countries - $19.86 billion.

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Analyst: Gazprom can assist Europe in things other than discounts

The Head of Gazprom export, Alexander Medvedev cannot promise Europe such concessions as in 2012. In 2013 foreign companies will obtain four times less funds due to retroactive discounts for the gas delivered. Reduction of prices under new contracts will be less noticeable, RBC daily reports.
This year the retroactive payments for imported gas won’t exceed $800-900 million (28.6 billion RUR), the Head of Gazprom export Alexander Medvedev reported. In 2012 the gas discounts made up 102.7 billion RUR (about $3.2 billion), the company’s RAS report specified.

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Gazprom to cooperate with Rosneft in development of the Eastern-Siberian Sea shelf

In accordance with the statement of the deputy Chairman of Gazprom Alexander Medvedev, the foundation of a JV with Rosneft to develop the Arctic shelf in the Eastern-Siberian Sea will be the primary goal for the gas holding.

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Gazprom expects to keep a single export channel for pipeline gas

Gazprom expects to keep a single export channel for pipeline gas for a long time, the company’s Deputy Head, Alexander Medvedev stated at a press conference on Tuesday.

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European gas market liquidity does not exceed 25% of current consumption

The European gas market liquidity does not exceed 25% of the current consumption, the Deputy Chairman of Gazprom's Management Board, A. Medvedev says. He emphasizes that concerning the share of the infrastructure in gas supplies and a different structure of energy consumption, no single price for Europe can be set. ‘If the markets are liquid, then why did price increase, not reduce, if the price should be determined by supply and demand. In a the liquid market, on the background of excessive gas supply, the price should reduce, but we observe quite the opposite.

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By 2015, Gazprom to increase capacities of underground gas storages by 400 million tons

By 2015, Gazprom will increase the capacities of underground gas storages abroad by 400 million tons, the Gazprom’s Deputy CEO Alexander Medvedev reported during the press conference.

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In 2014, Gazprom is going to supply up to 23 billion cubic m in Belarus

In 2014, Gazprom is going to supply up to 23 billion cubic m in Belarus, according to the materials prepared for the annual shareholders meeting. The ceiling amount of gas supplies to Belarus is $4.255 billion.
According to the agreement made by the previous annual shareholders meeting, in 2013 Gazprom can supply to Belarus 23 billion cubic m of gas for $4.1 billion, compared to 20.3 billion cubic m for $3.4 billion.

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