According to Energy Minister of Georgia Kakha Kaladze, his country will stop receiving natural gas from Gazprom by the end of 2017, and switch to the natural gas imported from Azerbaijan.
The dispute over gas prices between Russia and the European Union that lasted for more than 4 years has ended with the capitulation of Gazprom.
According to CFO of Gazprom Andrei Kruglov, financial results of the company by the results of 2016 will be worse than expected.
The U.S. Department of the Treasury included Gazprom-Media holding in the sanctions list.
In the future, Polish state gas company PGNiG may stop buying gas from Russia’s Gazprom as a result of the diversification of supply sources.
Bad things have been happening with Russian gas company Gazprom recently: the profit of the the largest enterprise in the country got almost 19 times smaller in just 1 year.
The reasons for the lack of enthusiasm in China for joint gas projects with Russia (“Power of Siberia”, “Altai”) are getting clear.
The deputy chairman of Gazprom Alexander Medvedev said that the Russian side offered Ukraine a “good” price for gas in the third quarter. Earlier, Kiev refused to resume purchases of Russian gas at the proposed price.
The collapse of oil prices and competition in the European gas market provoked reducing of Russian gas price for the region to the levels of September 2004.
Yesterday, the head of China’s CNPC Wang Yilin de-facto denied Gazprom’s reports on the agreement of the volume of gas supplies to China via the Altai gas pipeline.