Gazprom Neft PJSC ADROTCQX
Gazprom Neft: High Yield, Deep Value And Growth With Minimum Downside Risks
Henri Guyard • 30 Comments
Henri Guyard • 30 Comments
Fri, Sep. 2, 3:13 AM
- Japan will propose a broad cooperation in the energy sector with Russia today that could include a nearly $10B investment in state-owned oil giant Rosneft (OTC:RNFTF), the Nikkei reports.
- In other Russian news, companies building a multi-billion dollar bridge to link the mainland with annexed Crimea have been targeted by the U.S. in an updated sanctions blacklist, including several subsidiaries of Gazprom (OTCQX:GZPFY).
- ETFs: RSX, RUSL, RUSS, ERUS, RSXJ, RBL
Tue, Aug. 30, 5:42 AM
Jul. 1, 2015, 4:42 AM
- Again? Gas negotiations between Russia and Ukraine have fallen apart, after the two failed to agree on a pricing plan at talks in Vienna.
- The European Commission, which mediates the negotiations between Gazprom (OTCPK:OGZPY) and Naftogaz, issued a statement Tuesday evening saying the two sides were "still far apart" on a deal.
- Ukraine has now stopped receiving gas from Russia, but transit supplies to Europe are continuing at their the usual rate.
Dec. 31, 2014, 7:54 AM
Dec. 29, 2014, 4:49 PM
- Gazprom (OTCPK:OGZPY) is buying out the 50% stake in South Stream Transport project it didn't own from partners ENI, BASF (OTCQX:BASFY), and EDF, following Vladimir Putin's Dec. 1 decision to cancel the South Stream pipeline project, citing EU objections.
- The purchase price hasn't been disclosed, but ENI, BASF, and EDF have said they're recovering their investments. South Stream, which aimed to transport gas across the Black Sea from Russia to Bulgaria (and thus bypass Ukraine), was expected to have a $40B+ price tag if finished.
- Following Putin's move, Gazprom has proposed building a Black Sea pipeline that would deliver gas to Southern Europe via Turkey.
Dec. 9, 2014, 6:43 AM
Dec. 8, 2014, 4:22 AM
- After transferring a $378M pre-payment to Gazprom (OTCPK:OGZPY) late on Friday, Ukraine is expecting its gas supply to resume today.
- Gas deliveries have remained suspended since mid-June after Russia cut supplies over a price and debt dispute. Negotiations further deteriorated by the separatist war in Ukraine's east.
- The country will receive 1B cubic meters of gas for December as freezing temperatures set in.
Update: Ukraine's gas transport monopoly Ukrtransgaz announced that gas supplies would resume on Dec. 11.
Nov. 9, 2014, 8:28 AM
- Russia and China have signed a framework agreement for another gas supply deal, just months after the two countries sealed a $400B deal for Moscow to provide 38B cubic meters (bcm) of gas to China annually for 30 years.
- The memorandum of understanding was signed between Russia's Gazprom (OTCPK:OGZPY) and state-owned China National Petroleum (NYSE:PTR).
- Under the terms of the framework agreement, CNPC will also buy a 10% in Russia's Vankorneft, a subsidiary of Russia's largest oil producer Rosneft (OTC:RNFTF).
Oct. 21, 2014, 6:48 AM
- Russian Energy Minister Alexander Novak says he hopes to finalize a gas agreement with Ukraine during a trilateral meeting later today in Brussels, Reuters reports.
- Novak is meeting Ukrainian Energy Minister Yuri Prodan and European energy commissioner Guenther Oettinger.
- Previously: Russia, Ukraine inch closer to gas deal
Oct. 20, 2014, 3:56 AM
- Russia and Ukraine have reached a preliminary agreement on a price for winter gas supplies, easing some concerns that the countries’ dispute could disrupt supplies to Europe via Ukraine.
- Russia cut off supplies in June, demanding Ukraine pay a debt of some $5B. Lacking the funds to purchase the gas due to its recession, Ukraine has appealed to the IMF for help.
- Ukrainian President Petro Poroshenko announced that Ukraine had agreed on a price of $385 per 1,000 cubic meters of gas until the end of March.
Oct. 1, 2014, 6:53 AM
Sep. 12, 2014, 3:09 AM
- The EU has agreed to implement its new sanctions against Russia today, but will continue to assess their application based on the "situation on the ground."
- The new restrictions will hit Russia's state-controlled banks and oil companies, but will not include the gas sector, including Gazprom (OTCPK:OGZPY), the biggest gas supplier to Europe.
- The U.S. is preparing its own set of new sanctions, which will be announced by President Obama later today.
- Related tickers: OTC:RNFTF, OTC:AKSJF, OTCPK:SBRCY, OTC:JSCVL
Sep. 4, 2014, 2:22 PM
- The EU is preparing to bar Russia’s state-controlled oil companies from raising funds on European capital markets, according to legislation approved by the European Commission and reported by the Financial Times.
- The legislation, which is expected to be approved by EU ambassadors by the end of this week, would hit Rosneft (OTC:RNFTF), Russia’s largest oil group, Gazprom Neft (OTCQX:GZPFY), the Gazprom (OTCPK:OGZPY) oil subsidiary, and probably Transneft, the world’s largest oil pipeline company.
- Other Russian oil groups, such as Lukoil (OTCPK:LUKOY, OTC:LUKOF), appear to be exempt because of their private ownership.
- The ban would add to a similar restriction adopted in July on Russian banks seeking to raise cash in Europe.
Aug. 20, 2014, 4:36 AM
- Vladimir Putin is set to meet face-to-face with his Ukrainian counterpart, Petro Poroshenko, in Belarus on Aug. 26 to discuss stabilizing the situation in Ukraine and the latter's energy concerns.
- Ukraine's energy sector is crumbling with estimates that coal supplies to electricity producers can run out within the next 40 days, due to damaged rail lines by Russian separatists.
- ETFs: RSX, RUSL, RSXJ, ERUS, RUSS, RBL, RUDR
Jul. 23, 2014, 3:07 AM
- In a move which would end Gazprom's (OTCPK:OGZPY) monoply of pipeline gas exports, Vladimir Putin has suggested the Russian government allow other companies to export Siberian gas to the Far East.
- The new stance marks a potential victory Rosneft (OTC:RNFTF), Surgutneftegaz (OTCPK:SGTPY) and others, which have lobbied hard to gain a larger piece of the Russian gas sector.
- The final government decision will highly impact the country's recent $400B gas deal with China.
May 21, 2014, 7:20 AM
- It's not clear whether the accord for Russia's Gazprom (GZPFY) to supply China with gas is an actual contract with prices and other terms, or if it's a memorandum of understanding that would entail more talks, the NYT reports.
- If it is "just a memorandum of understanding, that would be a disappointment," says analyst James Henderson. "We’ve had MOUs before."
- The NYT also says the deal is for 20 years, while Reuters reports that it's for 30 years.
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