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Gazprom Neft ADR (GZPFY)

- OTCQX
  • Dec. 31, 2014, 7:54 AM
    • After announcing a $1.65B payment from Ukraine to cover the country's gas debts, Gazprom (OTCPK:OGZPY) says it has received a $150M payment from Naftogaz for January gas supplies.
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  • 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.
    | 2 Comments
  • Dec. 9, 2014, 6:43 AM
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  • 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.
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  • 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).
    | 29 Comments
  • 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
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  • 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.
    | 5 Comments
  • Oct. 1, 2014, 6:53 AM
    • Gazprom (OTCPK:OGZPY) has agreed with Turkey to increase the capacity of the Blue Stream underwater gas pipeline to 19B cubic meters (bcm) from 16 bcm.
    • Gazprom expects Russian gas supplies to Turkey to reach an all-time high of 30 bcm this year, up from 26.6 bcm in 2013.
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  • 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
    | 6 Comments
  • 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.
    | 1 Comment
  • 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
    | 1 Comment
  • 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.
    | 1 Comment
  • 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.
    • Previous coverage
    • ETFs: RSX, RUSL, RSXJ, ERUS, RUSS, RBL, RUDR, UNG, DGAZ, UGAZ, BOIL, GAZ, FCG, GASL, KOLD, UNL, GASX, NAGS, DCNG
    | 6 Comments
  • May 21, 2014, 6:54 AM
    • Gazprom (OTCQX:GZPFY) has signed a long-awaited gas-supply agreement with China National Petroleum Corp in a deal that is likely to be a blow to long-term Western efforts to contain Russia's expansionist plans.
    • Gazprom will provide 38B cubic meters (bcm) of gas annually for 30 years, with the agreement unofficially valued at more than $400B.
    • Following the turmoil in Ukraine, the West has started to consider how to cut reliance on energy from Russia, which is a major part of its economy. The deal with China reduces any future leverage the U.S. and its allies might have hoped for.
    • ETFs: RSX, RUSL, RSXJ, ERUS, RUSS, RBL, RUDR, UNG, DGAZ, UGAZ, BOIL, GAZ, FCG, GASL, KOLD, UNL, GASX, NAGS, DCNG
    | 2 Comments
  • May 12, 2014, 2:45 AM
    • Pro-Moscow separatists have declared victory in a referendum on "self-rule" for the "People's Republic of Donetsk" in eastern Ukraine, saying that 89% of voters have approved the measure.
    • However, the Ukraine government, the U.S. and the EU have condemned the ballot as illegal, with Kiev saying it was full of irregularities.
    • What "self-rule" means isn't totally clear, with three options being autonomy within Ukraine, total independence or a merger with Russia.
    • The fear is that the poll will cause Ukraine to slide into civil war, especially if Russia recognizes the result and Donetsk disrupts a Presidential election that's due to take place on May 25.
    • Meanwhile, Gazprom (GZPFY) continues to ramp up the economic-energy pressure on Ukraine, saying the gas bill to the state-owned Russian company has soared to $22B compared with under $2B in March. Gazprom has threatened to cut supplies to Ukraine if it doesn't pay up.
    • Russia's Micex index is flat, while the USD-RUB is -0.1% at 35.187 rubles.
    • More on Ukraine
    • ETFs: RSX, RUSL, ERUS, RUSS, RSXJ, RBL, GUR, ESR, RUDR
    | 2 Comments
  • Apr. 13, 2014, 5:41 AM
    • A Ukrainian officer has been killed and a number of other security personnel wounded in an "anti-terrorist" operation in the eastern city of Slaviansk, where pro-Russian militias have seized government buildings, including the police HQ, and and set up barricades on the outskirts of town.
    • Gunmen have taken over administrative buildings in other cities as well, including Donetsk, which has become one of the centers of pro-Russian protests.
    • Ukraine and the U.S. have blamed Russia for the unrest, with John Kerry warning Russian Foreign Minister Sergey Lavrov that his country would face more consequences if it didn't de-escalate tensions and more troops away from the border with Ukraine.
    • Ukraine state-run energy company Naftogaz has suspended gas payments to Russia until the countries conclude price negotiations. The move comes after Russia's Gazprom (GZPFY) hiked prices to Ukraine.
    • Meanwhile, U.S. Treasury Secretary Jacob Lew has called on other countries to contribute more to Ukraine's bailout. The U.S. is extending a $1B loan guarantee to the country, while the international community has formulated a $27B aid package.
    • More on Ukraine
    • ETFs: RSX, RUSL, ERUS, RUSS, RSXJ, RBL, GUR, ESR, RUDR
    | 14 Comments
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Company Description
Gazprom Neft is a vertically integrated Russian oil company. Its principal activities concern oil and gas exploration, production, refining and marketing. Co. conducts its operations through the following subsidiaries: Noyabrsk, engaged in the exploration, production and development of oil and... More
Country: Russia