News

Srbijagas and Yugorosgaz sign a contract to supply Russian gas to Serbia

Gazprom Export, Srbijagas and Yugorosgaz have signed an agreement to ensure the delivery of Russian natural gas to Serbia in 2011.

South Stream is progressing

In 2011 the South Stream project will move into a new stage. "The national feasibility study of the project will be completed in the near future" - said Chairman of the Management Committee, Alexey Miller, speaking on a New Year's conference call. According to him, a new geological survey and exploration work on the sea section of the pipeline will begin.

The American Gas Association considers natural gas an undervalued fuel

The American Gas Association (AGA) has announced that it intends to provide greater support for the gas industry in 2011, with the Department of Energy and the U.S. Congress. In particular, it will seek taking into account energy and environmental advantages of natural gas in the national energy conservation program

Nord Stream Phase II Financing Update: Commitment Letters have been signed

Nord Stream AG today confirmed that following the recent publication of a Request for Proposal for Phase II project financing, binding Commitment Letters have now been signed with 24 banks which secures the Phase II financing (a total amount of 2.5 billion euros)

Qatar leading on the world LNG market

An official ceremony was held in Ras-Laffan (Qatar) to mark the LNG production capacity hitting 77 million tons a year. So, Qatar has confirmed its status of the world's largest LNG producer possessing extensive production capacities for natural gas liquefaction

Nord stream and environmental control

In Saint-Petersburg the Ministry of Natural Resources and Ecology of the Russian Federation and the Ministry of the Environment of the Republic of Finland signed a Memorandum of Understanding for exchange of information on environmental conditions during construction of the Nord Stream offshore gas pipeline

Gazprom Export and Fluxys explore cooperation in natural gas storage

On 8 December, Gazprom Export and the Belgian company Fluxys signed a Memorandum of Understanding for the purpose of examining the options for Gazprom Export to reserve long-term storage capacity at Fluxys' underground storage site in Loenhout

Narrowing gap between prices on European gas spot markets and long-term contracts prices

The last weeks’ rise in market prices for the natural gas in Europe has narrowed the gap between the current and contracted prices for the blue fuel.

GECF member countries discuss the situation on the world gas market

The 11th ministerial meeting of the Gas Exporting Countries Forum (GECF) was held in Doha with participation of representatives of member countries: Algeria, Venezuela, Egypt, Iran, Qatar, Libya, Russia, Trinidad and Tobago and the Equatorial Guinea

Srbijagas completes feasibility study for the Serbian section of South Stream

CEO of Srbijagas Dušan Bajatović said Serbia is the first member of South Stream to complete the feasibility study for its section. He also noted that South Stream is one of many projects carried out in strategic partnership with Gazprom Group.

The II Ministerial Gas Forum organized by the International Gas Union (IGU) and International Energy Forum (IEF) has been held in Doha.

Following the meeting, IGU and IEF issued a joint declaration in which it was particularly noted that long-term contracts pegged to the price of petroleum “basket” will continue to be the main mechanism for trade in natural gas.

Nord Stream Phase II Financing Update

Nord Stream is pleased to confirm that following the recent publication of an Request For Proposal to banks for Phase II project financing, the level of interest is very high with initial subscription levels of more than EUR 4 billion, which means more than 50% oversubscription.

Shtokman Development AG Board of Directors discussed the progress of arrangements for making the Final Investment Decision on the Shtokman Project Phase 1

During the meeting held in Zurich JSC Shtokman Development AG Board of Directors discussed key issues with regard to preparatory arrangements for making the Final Investment Decision (FID) on the Start-Up Pipeline Gas Supply Complex and the LNG Complex.

10 YEARS MILESTONE IN THE RUSSIA – EUROPEAN UNION ENERGY DIALOGUE

The demand for natural gas in the EU countries will grow against a decline in the local production, said Deputy Chairman of Gazprom’s Management Committee, Director General of Gazprom Export, Alexander Medvedev in his Brussels’ speech dedicated to the 10th anniversary of the Russia-EU energy dialogue

South stream can be built 4 months earlier than the expected date

“We planned to complete the South Stream gas pipeline construction by 31 December 2015. We can get ahead of this month by four”- said Alexey Miller, Chairman of Gazprom Management Committee.

Gazprom has a contract till 2030 to supply Europe with 4.3 trillion cubic meters of gas

The Chairman of Gazprom Management Committee, Alexey Miller, has stated that the European market for Russian gas will not be narrowed.

OPAL gas pipeline reaches the Czech Republic

It took constructors about a year to bring the OPAL pipeline - Nord Stream eastern overland off-take - to the border of Germany and the Czech Republic.

ALEXANDER MEDVEDEV ON MEGAPROJECTS AS THE BACKBONE OF ENERGY SECURITY

Gas industry is gradually overcoming serious problems resulting from the global economic and financial crisis, which led to a slump or stagnation in the industrial production and consumption of natural gas in most countries, Deputy Chairman of Gazprom Management Board, Director General of Gazprom Export Alexander Medvedev said at the Gas of Russia–2010 Conference held in Moscow.

"Solitaire" Vessel joined the Nord Stream construction

The "Solitaire" pipelay vessel arrived to the area of the Nord Stream pipeline construction. In coming weeks the vessel, world’s largest in its class, will lay more than 340 km of pipes in the Finnish Exclusive Economic Zone.

Anniversary supply for Blue Stream

On July, 27 Russia-Turkey pipeline celebrated the supply of the 50th billion cubic meters of natural gas through the Beregovaya compressor station in Krasnodar Region since the start of its operation.

Test on Tenacity: “Passed”

Throughout last year's crisis and the relatively stable recovery of consumption of natural gas by our main foreign customers that followed, Gazprom Export was faced with a challenge: mobilize resources to resist pressure of the crunch and cope with increased loads of extra work to optimize crisis management.