Gas – Bloomberg reported that Gazprom's 2012 profits fell by 9.5 percent in the midst of rising costs and dwindling European demand.
Articles Tagged "Gazprom"
Gas – Reuters reported that the Polish Prime Minister has fired his Treasury Minister over allegations that he did not supervise relations between Polish PGNiG and its dealings with Russia's Gazprom. As quoted in the market report:
Gas – Bloomberg reported that Gazprom signed the first long-term gas contract with Serbia, to run through 2021, as Gazprom considers investing in gas-fired plants there.
Gas – Bloomberg reported that Putin is meeting with Ukrainian leader Yanukovych to discuss the Ukraine's request to reduce gas pipe lease prices from OAO Gazprom (GAZP).
Gas – Royal Dutch Shell has confirmed a production-sharing contract to explore shale natural gas reserves in Ukraine in a deal worth approximately $10 billion.
Gas – Bloomberg reported that Gazprom has billed Ukraine’s state-run energy company for $7 billion bill for failing to import their obligated natural-gas volumes in 2012.
The world’s two biggest economies continued to show signs of recovery this week, helping lift resource prices.
Gas – Reuters reported that Gazprom reported negative free cash flow in Q3, which is causing analysts concern about their rate of spending.