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Friday, May 17, 4:44 PM It looks like investors will have to wait for any supersized dividend from Gazprom (OGZPY.PK). Citigroup analysts say the Russian gas giant will pay a dividend of 5.99 rubles/ADR, or ~25% of net income according to Russian accounting standards; investors had been hoping the company would pay 25% of net income based on international financial reporting standards. (earlier) 3 Comments [Energy, Global & FX]
Thursday, May 9, 8:33 AM Russia is said to be considering an increase in dividends paid by state-run companies to 35% of profit to boost budget revenue. The move could prove a boon for shareholders of Gazprom (OGZPY.PK) and Rosneft (OJSCY.OB), particularly considering the stocks' weak performances in recent years. Comment! [Energy]
Tuesday, April 30, 6:29 AM Net profits fall 9.5% to $38.06B in 2012 for Gazprom (OGZPY.PK) even as revenues rose 2.7% on the year. Total natural gas sales at the world's largest producer fell to 482B cubic meters from 519B in 2011. For Q4, net profit attributable to shareholders comes in at $11.9B on a 5% increase in revenues. Comment! [Energy, Earnings]
Thursday, April 18, 2:48 PM Air Products (APD -1.2%) signs MOU to acquire helium produced in Eastern Siberia when Gazprom (OGZPY.PK) begins to develop natural gas resources there. The memorandum is an effort by APD to ensure it can meet increased customer demand for helium. APD notes in its 2012 annual report that it "experienced shortages in helium supply [during the year] due to industrywide sourcing shortfalls." Comment! [Commodities]
Friday, April 12, 6:22 AM With Russia awash in cheap natural gas, Gazprom is leading a push to massively expand the use of the fuel in vehicles. A 1998 Lada sedan can drive 140 miles on as little as 120 rubles ($3.80) of natural gas, or around the cost of a gallon of gasoline in the U.S. The Toyota Prius would need three gallons to make the trip. Problems abound, though, including a lack of filling stations and fears of the cars blowing up. 9 Comments [Energy]
Tuesday, April 9, 8:33 AM Gazprom (OGZPY.PK) and Royal Dutch Shell (RDS.A, RDS.B) agree to jointly develop offshore Arctic oil fields in the Chukchi and Pechora seas; Shell is likely to have a 33.3% stake. The deal also confirms a 50-50 partnership for the exploration and production of shale oil in the Khanty-Mansiysk region of western Siberia, and sets up a potential JV in South Africa. (previous) 1 Comment [Energy, Global & FX]
Friday, April 5, 10:56 AM Gazprom (OGZPY.PK) says it signed a memorandum of understanding with Poland-based Europol Gaz to potentially build a new pipeline via Polish territory to Slovakia and Hungary, which could have the capacity to deliver at least 15B cubic meters of gas a year. Comments by Polish PM Donald Tusk suggest the agreement went against the wishes of the government. Comment! [Energy, Global & FX]
Friday, April 5, 7:47 AM Royal Dutch Shell (RDS.A, RDS.B) is poised for a fresh attempt at Arctic oil exploration, and reportedly will sign a framework agreement Monday to partner with Gazprom on projects on Russia's Arctic shelf as well as onshore in western Siberia. The deal comes just weeks after Shell was forced to delay its exploration campaign in the Alaskan Arctic for another year. 1 Comment [Energy, Global & FX]
Thursday, April 4, 11:51 AM Total (TOT) and Gazprom (OGZPY.PK) are still discussing ways to make the Shtokman natural gas field profitable to develop, TOT CEO Christophe de Margerie says. Shtokman, believed to hold ~4T cu. meters of natural gas, has been repeatedly delayed because of disagreements on investment terms, high development costs in the extreme Arctic conditions, and lower natural gas prices. Comment! [Energy, Global & FX]
Friday, March 22, 4:30 PM After more than a decade of talks, Russia and China confirm a major energy deal: Rosneft will double Russian oil supplies in return for a $2B loan from China's development bank, and partner with China's state oil company to develop eight onshore blocks and three offshore licenses. Also, Gazprom will deliver 38B cubic meters per year to China via a pipeline starting in 2018. 10 Comments [Energy, Global & FX]
Tuesday, March 19, 3:58 PM Russia's Gazprom (OGZPY.PK) reportedly is seeking a stake in Eni's (E) Mozambique Area 4 assets where 75T cubic feet of gas has been discovered in offshore fields, as it strengthens its partnership with Italy's largest oil company; the two already are partners in Russian gas producer OOO SeverEnergia. Comment! [Energy, Global & FX]
Tuesday, March 19, 6:05 AM The latest draft bill in Cyprus scraps a proposed levy on deposits of under €20,000 but doesn't make up for the "lost" revenue by increasing the tax on larger accounts. A vote is due later today. Meanwhile, Gazprom has denied speculation that it offered to bail out Cyprus in return for gas-exploration rights. Trading on the Cyprus Stock Exchange has been suspended for today and tomorrow - not a surprise given the chaos that would probably have ensued. 3 Comments [Global & FX, Top Stories]
Monday, March 18, 9:39 AM The offer to compensate Cyprus bank depositors with future natural gas proceeds will provide little comfort: While there may be 40T cu. ft. of gas under Cypriot waters, just one well has so far been drilled, and if large recoverable amounts really are available, the returns are years away. Russia's Gazprom reportedly is offering to restructure Cyprus' banks in exchange for gas exploration rights. 1 Comment [Energy, Global & FX]
Tuesday, February 26, 11:17 AM Gazprom (OGZPY.PK) says it signed a 20-year deal for exclusive rights to market liquefied natural gas from the Tamar floating LNG project in Israel. The project, based on the Tamar and Dalit offshore fields, is scheduled for commissioning in 2017 and expected to produce 3M metric tons of LNG per year. Comment! [Energy, Global & FX]
Wednesday, February 13, 12:51 PM Russia's Vladimir Putin gives the clearest indication yet that he is willing to put an end to Gazprom's monopoly on natural gas exports by allowing rival companies to ship liquefied natural gas abroad. Ending the monopoly on exports would be a blow to Gazprom, already under pressure from increasing competition from domestic rivals in the Russian market and European firms. Comment! [Energy, Global & FX]
Friday, February 8, 2:18 PM Gazprom warns investors of a drop in profits and cash flow in 2012, pressured by shrinking sales in its most lucrative European market amid an economic slowdown and increasing competition. "Gazprom appears unwilling to address the reality of more competition and weaker demand, instead spending more money on new fields and pipelines," Renaissance Capital says. Comment! [Energy]

OGZPY.PK Oao Gazprom Adr

OGZPY.PK

Oao Gazprom Adr