Gazprom

European and Asian natural gas prices are recovering from last week’s losses as supply concerns and strong buying have spurred gains so far this week.  In Europe on Tuesday near-curve prices closed higher for both the Title Transfer Facility and National Balancing Point contracts through August.   Russian gas giant Gazprom PJSC reportedly did not take…

Russian state-owned Gazprom Group recently delivered to partner Royal Dutch Shell plc what the companies said is the first-ever carbon-neutral liquefied natural gas (LNG) cargo in Europe. Shell said Monday the cargo was unloaded at the Dragon LNG terminal in the UK, which would enable the supermajor to supply more carbon-neutral gas to the domestic…

Russia’s state-owned Gazprom said it has made its fourth natural gas discovery in the last two years on the shelf of the Yamal Peninsula in the Kara Sea. An exploratory well reached a flow rate of about 600,000 cubic meters/d (21.2 million cubic feet/d), which “proves that the new deposit contains substantial amounts of gas,”…

Russia’s Gazprom on Monday said it has started moving natural gas on its massive Power of Siberia pipeline to China, one of the world’s largest importers of the fuel and where the U.S. is already at a disadvantage as a trade war with the country drags on.

Poland’s state-owned natural gas company has signaled its intent to terminate pipeline imports from Russia’s Gazprom in the coming years, as supplies from other sources have grown, particularly liquefied natural gas (LNG) from Qatar, the United States and other countries.

The Trump administration looked to advance Lower 48 liquefied natural gas (LNG) exports to Europe along two fronts Tuesday, with one official saying the White House wants to help facilitate U.S. exports to the continent and another urging European allies not to participate in a pair of pipeline projects backed by Russia.

India’s state-owned natural gas utility, Gail (India) Ltd., said it has renegotiated its 20-year contract to purchase liquefied natural gas (LNG) from Russia’s Gazprom, with deliveries expected to begin in the second quarter.

Russia’s OAO Gazprom might want to grow its presence in global liquefied natural gas (LNG) trade, but it will face headwinds from supplies coming from Australia, the Middle East as well as from the United States, according to an analyst with GlobalData.

Analysts said economic sanctions from the United States and the European Union (EU) designed to punish Russia for its actions in Ukraine were "modest" at best, and could potentially damage business relationships that western oil and gas companies spent years building with OAO Gazprom and OAO Rosneft, Russia's state-owned gas and oil companies.