Gazprom

Natural gas will flow after Ukraine pays: Russia

GASMoscow: Russia will resume shipping natural gas to Ukraine after Kiev pays off its first debt installment for past supplies of gas next week, officials said on Friday.

Alexei Miller, chief of Russia's state-controlled Gazprom natural gas giant, made the statement hours after Russia, Ukraine and the European Union thrashed out a USD 4.6 billion deal that will guarantee Russian gas supplies to Ukraine and further on to the EU.

The deal eased fears that Europe will end up shivering this winter like it did in 2009, when a spat over Ukraine's gas bill prompted Russia to cut off energy supplies to Europe for nearly two weeks.

Russia softens tone on gas dispute with Ukraine

Dmitry MedvedevMoscow, May 15 - Russia said Wednesday it would resume gas price talks with Ukraine if Kiev pays off part of its mounting gas debt, in an apparent move to soften its tone on gas dispute with the Eastern European country.

"No one ever said: Return four billion US dollars immediately," Xinhua quoted Prime Minister Dmitry Medvedev as saying. But he stressed that Ukraine should at least show the willingness to pay the outstanding debt. "If they pay a part, it is at least a basis for talks."

Russia cancels discount on gas supplies to Ukraine

Russia cancels discount on gas supplies to UkraineMoscow, April 1 : Russian gas monopoly Gazprom said Tuesday it has cancelled discounts on natural gas supplies to Ukraine.

"In the second quarter of 2014, price of gas supplied to Ukraine will be $385.5 (for 1,000 cubic metres)," Gazprom CEO Alexei Miller said.

Miller noted that Gazprom would not any more apply the discount agreed with Kiev last December, Xinhua reported.

Gazprom suffers steep losses for first half of 2009

Gazprom Moscow  - Dropping demand and rising business costs slashed profits for Russian natural gas firm Gazprom by nearly 50 per cent in the first half of 2009 when compared to the same period last year, the company reported Monday.

Gazprom reported net profit of 305.8 billion roubles (10.7 billion dollars), down from profits of 609.4 billion roubles in the first half of 2008 - 48-per-cent drop.

Profits dropped because the cost of foreign gas have gone up by 105 per cent, the company said. Gazprom also blamed reduced demand because of the global financial crisis.

Gazprom does not rule out new gas cuts for Western Europe

Gazprom does not rule out new gas cuts for Western Europe Buenos Aires  - The Russian gas giant Gazprom does not rule out new interruptions in its supply of gas to Western Europe, due to the conflict with Ukraine over the hydrocarbon.

"We cannot guarantee 100 per cent that situations like that of 2005 and 2009 will not happen again," Gazprom number two Alexander Medvedev said Thursday, on the sidelines of the World Gas Conference in Buenos Aires.




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