Page 2 - Gazprom

Global stocks sink as Europe faces new squeeze on Russian gas supply

Global stock markets sank Monday as Europe faced a new squeeze on Russian gas supplies. London and Frankfurt opened lower. Tokyo, Hong Kong and South Korea fell while Shanghai gained. Oil prices rose more than USD 2 per barrel while the euro edged lower. Markets were roiled by Russian energy giant Gazprom's announcement Friday that a suspension of gas supplies through the Nord Stream 1 pipeline would be extended indefinitely. That adds to shortages in Germany and other economies. In early trading, the FTSE 100 in London lost 1.1% to 7,198.73 and the DAX in Frankfurt tumbled 3.2% to 12,628.44., The CAC 40 in France fell 2% to 6,047.28. Gazprom's announcement puts European stocks under heavy pressure, said Chris Turner of ING in a report. Also Friday, U.S. government data showed hiring slowed in August but wages rose sharply. Forecasters said the Federal Reserve might see that as evidence more interest rate hikes are needed to bring down inflation that is at a four-decade high. Mar

Hardeep Puri to lead delegation to global LNG meet in Milan on Monday

Gastech 2022 is the 50th edition of the largest global gathering focused on Liquified Natural Gas as a bridge fuel

Gazprom postpones reopening of key gas pipeline Nord Stream to Europe

It's a massive blow to Europe, which is scrambling to cut its dependency on Russian gas before winter and has been waiting for Moscow's next steps in the energy war

Russia's halt on gas supplies tightens energy screws on Europe

European governments fear Moscow could extend the outage in retaliation for Western sanctions imposed after it invaded Ukraine and have accused Russia of using energy supplies as a "weapon of war"

What is Nord Stream 1 pipeline, and why is it critical for Europe?

Nord Stream 1 is the biggest pipeline transporting cheap natural gas between Russia and Europe via Germany

France ready for Gazprom's 'pretext' to switch off gas, says minister

Russia's Gazprom announced that from Thursday it would fully suspend gas deliveries to Engie, a French utility, citing a dispute over payments

Russia's Gazprom Neft says oil production recovered to pre-Covid levels

Many countries have imposed sanctions on Russia, but key oil consumers China and India have stepped up imports of discounted Russian barrels to record levels

Gazprom tightens gas squeeze on France's Engie amid dispute over contracts

Engie says Gazprom to further reduce supplies from Tuesday; Moscow using gas as a 'weapon of war', says France

India in talks with Russia over LNG supply resumption, says GAIL

"There are some immediate issues which we are trying to tackle both at the company level and also at G2G (government to government) level," said GAIL Chairman Manoj Jain

Russia's Gazprom to shut gas pipeline to Europe for 3 days 'maintenance'

Russia's state-owned energy company Gazprom said on Friday a key pipeline conveying natural gas to Europe will shut down for three days at the end of this month to undergo routine maintenance." In a statement posted online, Gazprom said that the only operational turbine at a key compressor station along the Nord Stream 1 pipeline, which links Western Russia and Germany, will shut down for routine maintenance from August 31 to September 2. A set of routine maintenance in accordance with the current maintenance contract will be carried out jointly with Siemens specialists, the company said, in a reference to its German partner, Siemens Energy. Gazprom said that once work is completed, the flow of gas through Nord Stream 1 will resume at its prior level of 33 million cubic meters, or just 20% of the pipeline's nominal capacity. Flows of natural gas through Nord Stream 1 have been contentious. The shutdown will come a month after Gazprom restored natural gas supply through the pipeline

GAIL feels blowback from Ukraine war as former Gazprom unit cuts supplies

A former Gazprom subsidiary reneges on its supply contract forcing the state-owned gas distributor to cut back supplies to key industries

Gazprom's move on long-term LNG contracts squeezes priority sector

Supply disruptions may be 'short-term', says GAIL

GAIL starts to ration gas as former Gazprom unit cuts supplies: Report

GAIL (India) Ltd has started gas rationing, cutting supplies to fertiliser and industrial clients after imports were hit under its deal with a former unit of Russian energy giant Gazprom

Russia's Gazprom cuts gas through Nord Stream 1 to 20% of full capacity

Russia's Gazprom on Wednesday halved the amount of natural gas flowing through a major pipeline from Russia to Europe to 20% of capacity. It's the latest reduction to Nord Stream 1 that Russia has blamed on technical problems, but Germany calls a political move to sow uncertainty and push up prices amid the war in Ukraine. The Russian state-controlled energy giant announced Monday that it would carry out the reduction citing equipment repairs, further raising fears that Russia could cut off gas completely to try to gain political leverage over Europe as it tries to bolster its storage levels for winter. Data on the Nord Stream website and the head of Germany's network regulator, Klaus Mueller, confirmed the reduction. Gas is now a part of Russian foreign policy and possibly Russian war strategy, Mueller told Deutschlandfunk radio. Prices surged to the highest levels since early March for natural gas, which is used to power industry, generate electricity and heat homes in the ...

Gazprom Singapore misses LNG deliveries to GAIL amid soaring demand: Report

GMTS is willing to offer a penalty to the Indian company for missed cargoes. One of the sources said the penalty is miniscule compared to spot prices of LNG.

Gazprom declares force majeure on at least three European gas buyers

Gazprom has been delivering less gas than ordered by customers over the past month, with the company citing problems with turbines at its main pipeline to Europe that ends in Germany

Gazprom skips payout in a first since 1998; stock dips nearly 27%

"The shareholders decided that in the current situation it is not advisable to pay dividends based on the 2021 results," Deputy CEO Famil Sadygov said

Russian rouble up; Gazprom shares plummet after it skips dividend

Gazprom shares fell 27% to 218 roubles ($4.16) by 0941 GMT after the company said its shareholders had decided against distributing dividends on the 2021 results

Germany prepares to lend billions to rescue ex-Gazprom unit: Report

A bailout for Gazprom Germania GmbH could come as early as this week, with state-owned bank KfW Group expected to issue a loan in the range of 5 billion euros ($5.2 billion) to 10 billion euros

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