China has decided to stop purchasing Russian gas: signing of a new agreement between Gazprom and China National Petroleum Corporation (CNPC) has been postponed for an indefinite period.
Arbitration court in Stockholm abolished Gazprom’s demands for Ukrainian oil and gas company Naftogaz over the contact with the condition “take or pay”.
The State Executive Service of Ukraine opened a proceeding to recover the fine imposed by the Anti-Monopoly Committee of Ukraine (AMCU) in the amount of UAH 172 billion ($6.5 billion – RRT) from Gazprom, and to seize the company’s assets…
The financial situation of Gazprom continues to worsen amid falling gas prices, record low production, and steadily increasing costs.
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.