|Bid||0.00 x 210000|
|Ask||0.00 x 1459000|
|Day's range||235.83 - 240.40|
|52-week range||136.42 - 256.40|
|Beta (3Y monthly)||N/A|
|PE ratio (TTM)||19.79|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Public Joint Stock Company Gazprom (MCX:GAZP) stock is about to trade ex-dividend in 3 days time. If you purchase the...
European Union member states should brace for U.S. tariffs on several fronts in the months ahead, a senior German official warned late on Tuesday, just hours before Washington launched a probe of a planned French digital tax that could trigger future tariffs. Peter Beyer, Germany's transatlantic coordinator and member of parliament, said while there was continued U.S. interest in dialogue with Europe, the Trump administration nonetheless appeared poised to impose tariffs over disputes about aircraft subsidies, the Nordstream 2 gas pipeline and European car imports.
A British High Court ruling has frozen potential dividends which Russian gas giant Gazprom could receive from Nord Stream, Ukrainian state energy firm Naftogaz said on Friday. Naftogaz said in a statement that $145 million (£116 million) of the dividends must be moved to the court's deposit "as a guarantee of meeting the requirements of the court". Ukraine and Russia have been in dispute over gas issues for years, which escalated after a pro-Russian leader of Ukraine was toppled in 2014.
Alexei Miller, the head of Russian gas giant Gazprom , on Friday warned of difficult talks with Ukraine on gas transit to Europe once the current deal expires at the end of the year. Gazprom, the main supplier of natural gas to Europe, halted gas transit via Ukraine twice since 2006 at the height of winter, in rows over gas prices and transit.
(Bloomberg) -- Austria’s highest court backed a U.S. request to extradite Dmitry Firtash on corruption charges, giving a green light for the Ukrainian tycoon to be sent to the U.S. for trial, possibly in the coming weeks.The Supreme Court dismissed complaints by Firtash’s lawyers and by Austria’s Attorney General, who had both argued that the case is motivated by U.S. interests in influencing Ukraine’s politics.Presiding Judge Michael Danek said on Tuesday there were no reasons to cancel a ruling by a lower court, which had earlier approved the extradition. The decision to hand him over now lies with the Austrian Ministry of Justice.Neither Firtash nor the Attorney General were able to rebut the lower court’s reasoning that the U.S. tradition of democracy and rule of law would ensure Firtash’s rights to a fair trial, Danek said as he delivered the ruling at the court in Vienna.“We are disappointed in today’s decision,” Firtash’s U.S. lawyers Dan Webb and Lanny Davis said in a statement. “In any event, nothing has changed regarding Mr. Firtash’s innocence and the absence of evidence that he is guilty of any crime.”Firtash, who made much of his fortune in the gas trade and expanded into chemicals and television, is one of Ukraine’s most powerful men. He has deep ties to Russia, having profited from deals with gas giant Gazprom PJSC and businessmen from the inner circle of President Vladimir Putin, adding to his potential interest for U.S. law enforcement.Firtash’s defense team, led by former Austrian Justice Minister Dieter Boehmdorfer, had argued that the U.S. was trying to sideline him for his pro-Russian views.U.S. prosecutors are seeking Firtash, a one-time ally of ousted Ukrainian President Viktor Yanukovych, on allegations he led a conspiracy to pay $18.5 million to Indian officials to facilitate a $500 million titanium project there. Firtash denied the charges.“We are confident that a jury will find Mr. Firtash not guilty of all charges if and when he goes to trial,” his U.S. lawyers said.The U.S. has been investigating Firtash since at least 2008, after he emerged as a major shareholder in a little-known company that controlled much of the multi-billion-dollar gas trade between Russia and Ukraine. The request to extradite Firtash led to his arrest in 2014 in Vienna.Austrian caretaker Justice Minister Clemens Jabloner will wait for the court’s written ruling and will consult Foreign Minister Alexander Schallenberg before deciding about the extradition request, his spokeswoman said. Firtash’s lawyer told a U.S. judge earlier this month he could be in the U.S. as soon as early July. His representatives couldn’t immediately be reached for comment Tuesday on whether this forecast still holds.In addition to Gazprom, his Russian partners include ally Arkady Rotenberg, a longtime Putin friend who is subject to U.S. sanctions. Another Rotenberg ally, Vasily Anisimov, lent Firtash the money to post 125 million euros in bail in Austria while the extradition request was being heard. Gazprombank, one of Russia’s largest lenders, has regularly backed Firtash’s projects.In a 2014 interview with Bloomberg, Firtash said there’s nothing that U.S. prosecutors could offer him that would entice him to reveal what he knows about Russia’s gas business.(Updates with Firtash lawyer comment about timing of extradition in 11th paragraph.)\--With assistance from Daryna Krasnolutska.To contact the reporter on this story: Boris Groendahl in Vienna at firstname.lastname@example.orgTo contact the editors responsible for this story: Chad Thomas at email@example.com, Peter Chapman, Andrew LangleyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Public Joint Stock Company Gazprom (MCX:GAZP), a large-cap worth RUруб5.1t, comes to mind for investors seeking a...
After years of largely banking on low-cost Russia for growth, OMV is shifting attention towards the Middle East as its chemist chief executive chases his vision of making the Austrian oil and gas group a major supplier of plastics. OMV boss Rainer Seele has spent more than 4 billion euros ($4.5 billion) - 40% of the group's M&A budget until 2025 - for oil and gas concessions in the region, a 15% stake in Abu Dhabi National Oil Co's (ADNOC) refining business and a to-be-formed trading joint venture with ADNOC and Italy's Eni.
Russian state gas giant Gazprom is awaiting the formation of a Ukrainian government before starting talks with Kiev on extending a deal to transit Russian gas across Ukraine to Europe, a senior company official said on Tuesday. The current deal between Moscow on gas supplies and transit expires after Dec. 31.
U.S. Senator John Barrasso introduced a bill on Thursday to slap sanctions on individuals and companies developing Russia's Nord Stream 2 natural gas pipeline project, a day after his fellow Republican, President Donald Trump, said he was considering sanctions on the pipeline. Barrasso's Energy Security Cooperation with Allied Partners in Europe bill, or ESCAPE, authorizes mandatory U.S. sanctions on anyone who invests at least $1 million, or $5 million over 12 months, or engages in trade valued at an equivalent amount for the construction of Nord Stream 2 and other Russian energy export pipelines.
(Bloomberg Opinion) -- Donald Trump doesn’t have to impose sanctions on Russia’s controversial Nord Stream 2 pipeline to Germany if he wants Europe to buy more U.S. liquefied natural gas. The market is doing his work for him.Increasing competition is already reducing the European Union’s dependence on Russian exports, and U.S. LNG is an increasingly important factor in determining prices.Asked during an appearance with Polish President Andrzej Duda whether he would use sanctions to block Nord Stream 2, the U.S. president said he was “looking at it” and “thinking about it” because “we’re protecting Germany from Russia. And Russia is getting billions and billions of dollars of money from Germany.”This made headlines because it appeared to repeat earlier threats from the U.S. Senate and Energy Secretary Rick Perry. But later, when a reporter pushed him by saying he had the power to block the pipeline with sanctions, Trump replied:Germany has the power to block it. You know how they block it? By not buying it. I mean, Germany made a decision to buy a tremendous percentage of their energy from Russia. Germany – whether they should be doing that or not, they’re the ones that have the power to block it. They shouldn’t buy it. Or, if they want to, they can. But that’s really a decision of Germany.My reading of these remarks is that Trump is less interested in imposing sanctions than he is eager to get Germany to buy more of the U.S.’s “tremendous” LNG. “I think that’s really the way, if they want to spend a tremendous amount of money,” Trump said.Regardless of what happens with Nord Stream 2, Germany and other European countries are likely to buy more U.S. LNG because they don’t want to spend a tremendous amount of money — in particular, on Russian gas. Nord Stream 2 came up at the Trump press conference with Duda because Poland’s state-owned oil and gas company, PGNiG, is an enthusiastic buyer of U.S. LNG. Last year, the utility signed three long-term contracts with U.S. producers, only one of which — Cheniere Energy Inc. — is already supplying the fuel; the others still haven’t built their export terminals.PGNiG is signing these deals because it is locked into a long-term contract with Russia’s Gazprom and unhappy with the price it’s paying. The dispute is in arbitration, with the Polish utility close to winning a reduction. Even so, the contract runs out in 2022 and PGNiG is threatening not to renew it and seek alternatives from Norway. For those threats to be credible, and for Gazprom to start offering favorable terms, the buyer needs to show that it can already get supplies from elsewhere. It’s making some progress.PGNiG has long claimed it can source LNG at lower prices than those offered by Gazprom. This year, that claim doesn't look so outlandish. Gazprom’s average export price in Europe reached $254 per 1,000 cubic meters in the first quarter of 2019. Spot LNG prices have been lower, hovering about $5 per million British thermal units, or about $177 per 1,000 cubic meters.One may laugh at the U.S. branding of “freedom gas,” but its influence on European prices has been liberating. It is a buyer’s market, at least for now.Only three factors limit Europe’s ability to drive down natural gas prices: Gazprom’s long-term contracts; LNG terminal capacity; and demand in Asia, where prices are higher. The first two of these aren’t immutable: Contracts will run out and be renegotiated, and new terminals are being built (Germany alone has plans for two). That LNG supplies can easily be diverted elsewhere as prices change makes it necessary for European countries to have access to pipeline gas sources — but Gazprom isn’t the only one. It faces competition from Norway and various Mediterranean projects.Germany stands to benefit from this new setup. It needs a lot of gas as it tries to phase out both nuclear and coal power. Demand forecasts vary wildly, but it’s safe to assume the country will buy as much as it can get. Nord Stream2 alone won’t be enough to cover those needs, so Germany will have to turn to the U.S. That, together with supplies from other sources, should help it to negotiate down Gazprom’s prices.It’s a win-win situation for the U.S. LNG producers, Germany and even Gazprom as it seeks to keep a foothold in Europe. But two strong arguments still exist for sanctioning Nord Stream 2. One is the need to preserve the Ukrainian transit route for Russian gas. If it dries up, cash-strapped Ukraine would lose a major revenue source. (For now, though, Russia will pump as much gas as it can to Europe to avoid losing its main export market. Given Gazprom’s importance to the personal wealth of Putin’s close circle, that’s not an option.) The other reason is that Nord Stream 2 undermines Poland’s bargaining power over Gazprom: The supplier would be able to say it has found another buyer in the neighborhood.Trump and U.S. Congress should weigh these dangers against that of further alienating Germany. It might try to defy the sanctions if Gazprom goes ahead with the Nord Stream 2 project without Western partners. Any move by the U.S. against Nord Stream 2 would also confirm to its European allies that Washington’s sanctions policy is merely a tool to advance trade interests.These considerations make for a difficult decision. Trump’s remarks on Wednesday sounded to me as though he were leaning toward letting the market do its job this time. That doesn’t mean he can’t change his mind tomorrow — especially if his trade war with China ends and his attention switches to Europe.To contact the author of this story: Leonid Bershidsky at firstname.lastname@example.orgTo contact the editor responsible for this story: Edward Evans at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Leonid Bershidsky is Bloomberg Opinion's Europe columnist. He was the founding editor of the Russian business daily Vedomosti and founded the opinion website Slon.ru.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Emerging market stocks fell on Thursday as risk appetite waned on fears the U.S.-China trade war could worsen and the impact protests in Hong Kong may have on ties between the world's top two economies. China's commerce ministry said Beijing will not yield to any "maximum pressure" from Washington, and any attempt by the United States to force China into accepting a trade deal will fail. The statement adds to tensions after China demanded earlier this week the United States stops interfering in Hong Kong's affairs after protests against an extradition bill that would allow people to be sent to mainland China for trial.
Huddled around a skidoo, the group of locals selling frozen fish to Gazprom employees in northern Russia makes for a forlorn picture. Gas production and transportation firm Gazprom has built reindeer crossings covered with a special geotextile fabric, so that the herders' sledges can pass through. It is small consolation for the loss of your ancestral homelands on the Yamal peninsula, 400km north of the Arctic Circle.