Gazprom is a global energy company focused on geological exploration, production, transportation, storage, processing and sales of gas, gas condensate and oil, sales of gas as a vehicle fuel, as well as generation and marketing of heat and electric power.
Gazprom holds the world’s largest natural gas reserves. The Company’s share in the global and Russian gas reserves amounts to 17 and 72 per cent respectively. Gazprom accounts for 11 and 66 per cent of the global and national gas output correspondingly. At present, the Company is actively implementing large-scale gas development projects in the Yamal Peninsula, the Arctic shelf, Eastern Siberia and the Russian Far East, as well as a number of hydrocarbon exploration and production projects abroad.
Gazprom is a reliable supplier of gas to Russian and foreign consumers. The Company owns the world’s largest gas transmission system with a total length of 171.2 thousand kilometers. Gazprom sells more than half of its gas to Russian consumers and exports gas to more than 30 countries within and beyond the former Soviet Union.
After reports of the arrest of Gazprom's property in the Netherlands under the lawsuit of Naftogaz, the Russian company filed a lawsuit.
Energy Minister Alexander Novak did not rule out measures of state support for the gas corporation, whose assets under the lawsuit of Naftogaz were arrested in the Netherlands and Switzerland. The Ukrainian company Gazprom is obliged to return 2,65 billion dollars.
Following Switzerland, the Netherlands seized the assets of Gazprom in accordance with the decision of the Stockholm Arbitration, which obliges the Russian concern to pay Naftogaz $ 2.6 billion. However, neither the supply of gas to Europe from Russia, nor the construction of the "Nord Stream-2" is not yet threatened.
The combined oil and gas company Wintershall DEA, which Alfa Group co-owners create together with BASF, will cost "roughly" 20 billion euros, German Khan said. Russian shareholders will receive 33% in it.
Member of the Supervisory Board of Alfa Group, Herman Khan, talked about his attitude to the Kremlin list, the reasons for increasing the role of the state in business and how much the Wintershall DEA could cost.
The corporation intends to lay the ski slopes next to the place under the protection of UNESCO.
The court arrested the Dutch assets of Gazprom for paying Naftogaz 2.6 billion dollars on the decision of the Stockholm Arbitration, the Ukrainian company said.
Naftogaz demanded from the Russian gas corporation to undertake the obligation to pump 110 billion cubic meters of gas annually through Ukraine in 2020-2028 and agree to pay 30% more for the rate for pumping in 2018-2019. Otherwise, Kiev threatens Moscow with a $ 11 billion claim.
In Europe, the seizure of Gazprom's assets began - in compliance with the decision of the Stockholm Arbitration, which ordered the concern to pay Ukrainian Naftogaz 2.6 billion dollars. Inventory of the property was held in Nord Stream 2 AG.
Kiev plans in this way to dislodge from the "Gazprom" argued in the Stockholm Arbitration 2,6 billion dollars.
The Russian gas corporation demanded to reconsider the verdict of the Stockholm arbitration on the basis of a linguistic examination. According to Gazprom, the verdict of arbitration about the dispute with the Ukrainian Naftogaz was not written by the arbitrator.
To this end, the gas corporation agreed to pay Turkish Botas $ 1 billion on lost arbitration. It is possible that this is not the last payment of the Russian company.
France suggested that the Kremlin liberalize its gas exports.
The European Commission closed the antimonopoly case against Gazprom. Further action will not be taken against him.
According to Alexander Fack, a report on how Gazprom contractors are cashing in on corporations was the result of painstaking work. And German Gref himself hardly read it, because the report has not yet been translated into Russian.
The management of the bank refused to protect its specialists. German Gref called their report on Gazprom's inefficiency "a gross violation of ethical standards." Earlier, the bank had already apologized to Rosneft for its unbelievable Rosneft report: We Needed Talk About Igor in October 2017.
Sberbank CIB decided to dismiss analyst Alex Fack, who previously produced reports on Russian oil and gas companies. In the last report, he noted that Gazprom does not work in the interests of its shareholders, but in the interests of contractors - the companies of the Rothenberg clan and Gennady Timchenko.
Sberbank CIB accused Gazprom of infringing the interests of shareholders. According to banking analysts, Gazprom's largest contractors turned out to be the main beneficiaries of the expensive construction of the Siberia, Northern Stream-2 and Turkish Stream export pipelines. Their cost was 93.4 billion dollars.
Washington sees the project as a reconnaissance capability.
The gas corporation wants to develop the South Kirinskoye field on the Sakhalin shelf. But this requires modern Western equipment and technology.
Deputies were interested in the role of Christopher Chandler in promoting Brexit, and stumbled upon compromising documents during the period when he was doing business in Russia.
In relation to Gazprom and its partners in this country, an investigation has been launched.
The contract concerns a contract for the construction of two sections of the linear part of the overland supply to the Nord Stream-2 pipeline. In the documents, the data on the contractor-related to Gennady Timchenko of the company Stroytransneftegaz-are hidden.
The Russian gas corporation can supply over 200 billion cubic meters of natural gas to the European market in a year.
Capacities and taxes compel the monopoly to increase debt.
Gazprom sent documents to the Stockholm Arbitration Court for the termination of contracts with Naftogaz for the supply and transit of gas through Ukraine.
The gas corporation has started negotiations with the Ukrainian Naftogaz about a new transit contract since 2020.
So far, the sanctions have not affected the business of Russian public companies.