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☆ Deutsche Bank sets aside $273 mln provision for Gazprom subsidiary's Russian lawsuits
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +1 min

FRANKFURT, Oct 25 (Reuters) - Deutsche Bank (DBKGn.DE) said on Wednesday that it had set aside a 258 million euro ($272.84 million) provision in the third quarter related to lawsuits by a subsidiary of Russian gas giant Gazprom (GAZP.MM). RusKhimAlyans, which is 50% owned by Gazprom, has filed lawsuits seeking a total of 31 billion roubles ($348 million) from Deutsche Bank (DBKGn.DE) and Commerzbank (CBKG.DE), Russian court documents show. Deutsche Bank said in its quarterly report that the bank has been unable to make the payment due to EU sanctions against Russia. Deutsche Bank logo is seen in this illustration taken March 12, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights"The Russian court is expected to not recognize the EU sanctions as a basis for not making payment," Deutsche Bank said in explaining the provision.

Persons: Dado Ruvic, Deutsche, Tom Sims, Friederike Heine Our Organizations: Deutsche Bank, Gazprom, Russia, REUTERS, Thomson Locations: FRANKFURT

☆ Russia's Gazprom to supply extra gas to Hungary and China this year
▼ + stars: | 2023-10-22 | by ( ) www.reuters.com time to read: +2 min

Companies Gazprom PAO FollowOct 22 (Reuters) - Russia's Gazprom (GAZP.MM) will supply extra gas to Hungary through the coming winter and will also provide China with an additional 600 million cubic metres this year on top of contractual obligations, TASS news agency quoted its boss Alexei Miller as saying. Orban told Putin when they met in Beijing on Tuesday that Hungary never wanted to oppose Russia and was trying to salvage bilateral contacts. "And we have an agreement that we will supply additional volumes on an ongoing basis in the coming winter", he said. "We regularly supply additional volumes to the Chinese market. This year, I think (the extra amount) will be 600 million cubic meters of gas," he was quoted as saying.

Persons: Alexei Miller, Vladimir Putin, Miller, Viktor Orban, Orban, Putin, Gazprom's Miller, Mark Trevelyan, David Holmes Organizations: Gazprom PAO, Gazprom, Investigations, European Union, Putin, NATO, Ukraine, EU, Thomson Locations: Hungary, China, Russian, Europe, Ukraine, Baltic, Beijing, Russia, U.S

☆ Who is in Putin's delegation to China - and who stayed in Moscow?
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +2 min

[1/2] Russian President Vladimir Putin arrives for the opening ceremony of the Belt and Road Forum in Beijing, China, October 18, 2023. Sputnik/Dmitry Azarov/Pool via REUTERS Acquire Licensing RightsMOSCOW, Oct 18 (Reuters) - Russian President Vladimir Putin is currently on a visit to China, his second only trip outside the former Soviet Union since the February 2022 invasion of Ukraine. Who is in the Russian delegation with Putin - and who stayed in Russia? Before Putin left for China, he was shown at a meeting with defence and spy chiefs at his Novo-Ogaryovo residence outside Moscow. The following top officials are thought to be in Russia.

Persons: Vladimir Putin, Dmitry Azarov, Alexander Novak, Sergei Lavrov, Yuri Ushakov, Maxim Oreshkin, Dmitry Peskov, Central Bank Governor Elvira Nabiullina, Anton Siluanov, Maxim Reshetnikov, Dmitry Shugaev, Yuri Chikhanchin, Dmitry Chernyshenko, Igor Morgulov, Igor Sechin, Alexei Miller, Alexei Likhachev, Andrei Kostin, Igor Shuvalov, Leonid Mikhelson, Oleg Belozyorov, Kirill Dmitriev, Putin, Sergei Shoigu, Nikolai Patrushev, Alexander Bortnikov, Dmitry Medvedev, Anton Vaino, Sergei Kiriyenko, Mikhail Mishustin, Viktor Zolotov, Sergei Naryshkin, Guy Faulconbridge, Muralikumar Organizations: Forum, Sputnik, REUTERS Acquire, Rights, Soviet Union, Putin, Kremlin, Central Bank Governor, Federal Service for Military, Gazprom, VEB, Russian, Russian Direct Investment, Russia Security, Federal Security Service, Russia's Foreign Intelligence, Reuters, Thomson Locations: Beijing, China, Ukraine, Russia, CHINA, North Korea, China BUSINESSPERSONS, Moscow, Russian

☆ Putin meets 'dear friend' Xi in Beijing. Here are the top 3 takeaways
▼ + stars: | 2023-10-18 | by ( Clement Tan | ) www.cnbc.com time to read: +7 min

Sergei Savostyanov | Afp | Getty ImagesChina President Xi Jinping and his Russian counterpart Vladimir Putin were all smiles when they met in Beijing. "Dear friend, I am very glad to see you again," Putin said in a statement ahead of his bilateral meeting with Xi Wednesday. Xi is also looking to Putin as China seeks to reinvigorate its economic foreign policy program. watch nowPutin traveled to Beijing, knowing Xi would guarantee his safety. Here are the main takeaways from the meeting, which underline why China and Russia share strong ties.

Persons: Vladimir Putin, Xi Jinping, Sergei Savostyanov, Putin, Xi, AidData, Mary, Srettha Thavisin, Viktor Orban, Dmitry Peskov, Peskov, Wang Yi, Faisal bin Farhan Al Saud, Biden, it's, Peng Liyuan Organizations: Sputnik, Forum, Afp, Getty Images China, Initiative, Xi, College of William, Moscow, European Union, EU, Rosneft, Gazprom, Tass, Soviet Union, Hamas, U.S, United, of, U.S . Department of Commerce, Getty Locations: Beijing, Ukraine, China, Russia, Thailand, Hungary, Israel, Gaza, Iran, United Nations, Saudi Arabia, Europe, U.S

☆ Putin visits 'dear friend' Xi in show of no-limits partnership
▼ + stars: | 2023-10-17 | by ( Ryan Woo | ) www.reuters.com time to read: +4 min

[1/3] Russia's President Vladimir Putin arrives at Beijing Capital International Airport to attend the Third Belt and Road Forum in Beijing, China, October 17, 2023. Xi last saw his "dear friend" in Moscow just days after the warrant was issued. At the time, Xi invited Putin to attend the third Belt and Road forum in Beijing, an international cooperation forum championed by the Chinese leader. As the forum's chief guest, Putin will speak after Xi on Wednesday and will meet with the Chinese president for bilateral talks later that day. It would be Putin's third attendance of the Belt and Road Forum, which runs through Wednesday.

Persons: Vladimir Putin, Parker, Xi Jinping, Putin, Wang Wentao, Xi, Ryan Woo, Lidia Kelly, Christopher Cushing, Simon Cameron, Moore Organizations: Beijing Capital International Airport, Forum, REUTERS Acquire, Rights, Court, ICC, Reuters, Chinese Commerce, Kremlin, Beijing, Olympics, Rosneft, Gazprom, Thomson Locations: Beijing, China, Rights BEIJING, Ukraine, Hague, Soviet Union, Kyrgyzstan, Soviet, Moscow, Vietnam, Thailand, Mongolia, Laos, Russia, Asia, Africa, Europe, Putin's, Melbourne

REUTERS/Wu Hong/Pool/File Photo Acquire Licensing RightsMOSCOW/BEIJING, Oct 16 (Reuters) - Russian President Vladimir Putin will travel to China this week to meet Xi Jinping, the Kremlin chief's first trip outside the former Soviet Union this year. What are the five things to watch for at the meeting? Li was sanctioned by the U.S. in 2018 for an arms deal he secured with Russia in an earlier role. Xi also awarded Putin a friendship medal in 2018, saying that "Putin is my best close friend". Putin said in March that he had invited Xi to his private apartment in the Kremlin.

Persons: Xi Jinping, Vladimir Putin, Wu Hong, Li Shangfu, Li, General Liu Zhenli, Putin, Xi, Alexei Miller, Igor Sechin, Maxim Reshetnikov, Guy Faulconbridge, Alison Williams Organizations: Xiamen International Conference and Exhibition Center, REUTERS, Kremlin, Russia, People's Liberation Army, PLA, U.S . Department of Defence, China, United, Gazprom, Reuters, Thomson Locations: Russian, Xiamen, Fujian Province, China, MOSCOW, BEIJING, Soviet Union, U.S, Russia, Xiapu, Ukraine, United States, India, Moscow, Kremlin, Siberia, Mongolia, Asia, Germany

Reuters reported in July that Indian refiners began using yuan to pay for some oil from Russian sellers, while continuing to use dollars and dirhams to settle most of their Russian oil purchases. Indian refiners buy most of their Russian oil from traders, while making some direct purchases from Russian entities. State-run Indian Oil Corp (IOC.NS), the country's top refiner, has used yuan and other currencies to pay for Russian oil, Reuters reported previously. Private Indian refiners have continued to pay in yuan and other currencies for Russian oil imports, sources said, with most Indian purchases of Russian oil paid in dirham. Indian Oil, BPCL and HPCL and the country's oil and finance ministries did not immediately respond to Reuters' requests for comments.

Persons: Tatiana Meel, Nidhi Verma, Tony Munroe, Simon Cameron, Moore Organizations: REUTERS, European Union, Reuters, Gazprom Neft, Indian Oil Corp, Bharat Petroleum Corp, Hindustan Petroleum, Thomson Locations: Nakhodka Bay, Nakhodka, Russia, DELHI, India, Moscow, Ukraine, United States, dirhams, Gazprom, dirham, Hong Kong, China

☆ Russia-China energy cooperation in focus as Putin visits Xi
▼ + stars: | 2023-10-15 | by ( ) www.reuters.com time to read: +4 min

It insists the ties do not flout international norms, and China has the prerogative to collaborate with whichever country it chooses. According to China's customs data, the growth of China's exports and imports with Russia on a year-on-year basis quickened in September from August. China is Russia's second-largest buyer of Russian oil after India. Russia's main gas export route is a 4,000-km (2,500-mile) pipeline Power of Siberia that links East Siberian fields to northeast China. Russia aims to build a second gas pipeline to China, Power of Siberia 2, with capacity for 50 bcm a year to run via Mongolia.

Persons: Maxim Shemetov, Wang Wentao, Vladimir Putin's, Russia's Novatek, Vladimir Soldatkin, Guy Faulconbridge, Alison Williams Organizations: REUTERS, Rights, Commerce, Vortexa, Russia's, Reuters, European, VEB, Supplies, CNPC, Thomson Locations: Siberia, Svobodny, Amur, Russia, China, United States, Beijing, Moscow, Ukraine, Russian, India, Kpler, Kozmino, Baltic, Brazil, Urals, Oman, European Union, That's, Europe, Power, Mongolia, Sakhalin, Qatar

Russian President Vladimir Putin shakes hands with Chinese President Xi Jinping during a signing ceremony following their talks at the Kremlin in Moscow, Russia March 21, 2023. China and Russia declared a "no limits" partnership in February 2022 when Putin visited Beijing just days before he sent tens of thousands of troops into Ukraine, triggering the deadliest land war in Europe since World War Two. Biden has referred to Xi as a "dictator" and has said Putin is a "killer" and a leader who cannot remain in power. Since the Ukraine war, Putin has mostly stayed within the former Soviet Union, though he visited Iran last year for talks with Supreme Leader Ayatollah Ali Khamenei. The United States has warned China against supplying Putin with weapons as Russia, a $2 trillion economy, battles Ukrainian forces backed by the United States and the European Union.

Persons: Vladimir Putin, Xi Jinping, Mikhail Tereshchenko, Putin, Xi Putin, Xi, Joe Biden, Graham Allison, Bill Clinton, Biden, Ayatollah Ali Khamenei, Mao Zedong, Alexander Gabuev, Gabuev, Li Shangfu, Alexei Miller, Igor Sechin, Guy Faulconbridge, Alison Williams Organizations: Kremlin, Sputnik, Forum, Soviet Union, U.S, Harvard University, Reuters, Soviet, United, European Union, Carnegie Russia Eurasia Center, Gazprom, Thomson Locations: Moscow, Russia, China, USSR, MOSCOW, BEIJING, United States, Beijing, Hague, Ukraine, Europe, U.S, Soviet Union, Iran, Communist China, Ukrainian, Siberia, Mongolia

☆ Deutsche Bank, Commerzbank block Gazprom subsidiary's Russian lawsuits
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +2 min

[1/2] The Deutsche Bank app logo is seen on a smartphone in this picture illustration taken September 15, 2017. RusKhimAlyans, which is 50% owned by Gazprom, filed lawsuits in Russia seeking more than 22 billion roubles ($22 million) from Deutsche Bank and over 8 billion roubles from Commerzbank over unpaid bank guarantees. Deutsche Bank and Commerzbank both said they were unable to pay RusKhimAlyans due to European Union sanctions. Deutsche Bank and RusKhimAlyans declined to comment. RusKhimAlyans had signed a deal with Linde in 2021 for the construction of the gas plant, with Deutsche Bank, Commerzbank and UniCredit providing guarantees.

Persons: Dado Ruvic, RusKhimAlyans –, RusKhimAlyans, Commerzbank, UniCredit, UCCDB.UL, Linde, Sam Tobin, Sinead Cruise, Vladimir Soldatkin, Mark Potter Organizations: Deutsche Bank, REUTERS, Gazprom, Linde, High, RIC, RusKhimAlyans, Commerzbank, Thomson Locations: London, Russia, Baltic, Ust, Luga, Ukraine, Moscow

☆ Russia starts gas supplies to Uzbekistan via Kazakhstan
▼ + stars: | 2023-10-07 | by ( ) www.reuters.com time to read: +1 min

[1/3] Russian President Vladimir Putin listens to Kazakh President Kassym-Jomart Tokayev during a meeting at the Novo-Ogaryovo state residence outside Moscow, Russia October 7, 2023. Sputnik/Pavel Bednyakov/Kremlin via REUTERS Acquire Licensing RightsOct 7 (Reuters) - Russia on Saturday started supplying natural gas to Uzbekistan via Kazakhstan, marking the occasion with ceremonies in Moscow and elsewhere attended by the presidents of the three countries and shown on state TV. Under a two-year deal signed with Russia's Gazprom (GAZP.MM), Uzbekistan will import 9 million cubic metres of Russian natural gas per day. It is the first time Uzbekistan, which is a producer and exporter itself, is importing gas from Russia. "Russia confirms its status as a reliable gas supplier and is open to cooperation in this area," Russian president Vladimir Putin said during the ceremony in Moscow.

Persons: Vladimir Putin, Kassym, Pavel Bednyakov, Clelia Organizations: Sputnik, REUTERS Acquire, Saturday, Russia's Gazprom, Thomson Locations: Moscow, Russia, Kremlin, Uzbekistan, Kazakhstan, Ukraine, Nord, Europe

☆ Moldova Could Buy Russian Gas if Conditions Are Right -Officials
▼ + stars: | 2023-10-03 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +3 min

By Alexander TanasCHISINAU (Reuters) - Moldova has not used Russian gas since late last year, but it is keeping open the option of buying supply from Gazprom if conditions are right, the head of the Russian gas giant's local subsidiary said on Tuesday. Moldova, one of Europe's poorest countries, has denounced Russia's war in neighbouring Ukraine and has been beset by years of disputes that pre-date the war over payment for Russian gas. The rest of Moldova has been using gas from European suppliers bought through the state-owned gas and power company Energocom. Vadim Ceban, head of Gazprom subsidiary Moldovagaz, said purchases of Russian gas for the bulk of Moldova's territory are possible if the right conditions are met. But on Tuesday, he acknowledged that purchases of Russian gas were possible, subject to strict conditions.

Persons: Alexander Tanas CHISINAU, Vadim Ceban, Ceban, Victor Parlicov, Parlicov, Transdniestria, Alexander Tanas, Ron Popeski, Tom Hogue Organizations: Gazprom, Moldovagaz, Energocom, Reuters, Moldovan Energy, Moldova, European Bank for Reconstruction Locations: Moldova, Gazprom, Soviet Union, Ukraine, Transdniestria, Moldovagaz, Energocom, Bucharest, Russia, Moscow

☆ Q+A What is known about the Nord Stream gas pipeline explosions
▼ + stars: | 2023-09-26 | by ( Nerijus Adomaitis | ) www.reuters.com time to read: +8 min

This is what we know so far:WHAT ARE NORD STREAM PIPELINES? The multibillion-dollar infrastructure project was built by Russia's Gazprom (GAZP.MM) in two stages - Nord Stream 1 and Nord Stream 2. Gazprom owns 51% of Nord Stream 1, while Germany's E.ON (EONGn.DE) and Wintershall Dea (WINT.UL) have 15.5% each, while French Engie (ENGIE.PA) and Dutch Gasunie (GSUNI.UL) hold 9% each in Nord Stream 1. Nord Stream 2, fully owned by Gazprom and operated by Nord Stream 2 AG, was completed in September 2021 at a cost of $11 billion, but was never put into operation because Germany had cancelled Nord Stream 2's certification days before Russia's invasion of Ukraine on Feb. 24, 2022. The Nord Stream pipelines have been a flashpoint in an energy dispute between Europe and Moscow since Russia's invasion of Ukraine.

Persons: Pipes, Fabian Bimmer, Wintershall, OMV, Peter Frank, Die, Seymour Hersh, Mats Ljungqvist, Der Spiegel, Der Siegel, BfV, Nerijus Adomaitis, Christoph Steitz, Nina Chestney, Ros Russell Organizations: REUTERS, Rights, Gazprom, Nord, E.ON, Shell, . Security, WHO, Washington Post, Die Welt, . Security Council, Reuters, Street, ZDF, Kyiv, CIA, NDR, WDR, German Federal Intelligence Service, Thomson Locations: Baltic, Mukran, Germany, Rights OSLO, Russia, Swedish, Bornholm, Sweden, Denmark, Nord, Ukraine, Uniper, Washington, NATO, Moscow, Kaliningrad, Russian, Britain ., U.S, Norway, China, Brazil, Rostock, Wiek, Rugen, Danish, Christianso, Kolobrzeg, Poland, Europe, United States, Oslo, Frankfurt

☆ UEFA set to reinstate Russian youth teams
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +2 min

Following the invasion, which Moscow calls a "special military operation", UEFA decided in February 2022 that all Russian teams - national or club sides - would be suspended from participation in their competitions. "The Executive Committee has asked the UEFA administration to propose a technical solution that would enable the reinstatement of the Russian U17 teams (both girls and boys) even when draws have already been held." UEFA added that Russian teams' matches would be played outside Russia and would not feature the country's flag, anthem or national kit. "... by banning children from our competitions, we not only fail to recognise and uphold a fundamental right for their holistic development but we directly discriminate against them," UEFA President Aleksander Ceferin said. Duka is head of Albania's soccer federation and has been a member of UEFA's Executive Committee since 2019.

Persons: Denis Balibouse, Aleksander Ceferin, Armand Duka, Luis Rubiales, Rubiales, Jenni Hermoso, Duka, Aadi Nair, Christian Radnedge Organizations: UEFA, Union of European Football Associations, REUTERS, Gazprom, Russian U17, Spanish Federation, UEFA's, Thomson Locations: Nyon, Switzerland, Ukraine, European, Limassol, Cyprus, Moscow, Russian, Russia, Bengaluru

The sources said other senior Russian energy officials would also be in the delegation. Gazprom, the world's biggest natural gas producer, and Rosneft, Russia's biggest oil producer, did not immediately reply to requests for comments. The proposed pipeline would bring gas from the Yamal peninsula fields in western Siberia to China, the world's top energy consumer and a growing gas consumer. China and Russia have yet to agree on the terms of gas deliveries via the route, including pricing. Negotiations are complex, in part because China is not expected to need more gas until after 2030, industry analysts said.

Persons: Vladimir Putin, Rosneft Igor Sechin, Yuri Trutnev, Alexei Miller, Igor Sechin, Vladimir Putin's, Putin, Xi Jinping, Sechin, Xi, Vladimir Soldatkin, Gareth Jones, Guy Faulconbridge, Barbara Lewis Organizations: Zvezda, Gazprom, Reuters, China's, Moscow, Thomson Locations: Bolshoy Kamen, Vladivostok, Russia, Ukraine, MOSCOW, China, Beijing, Moscow, Russian, Asia, Europe, Siberia, Mongolia

☆ Russia’s diesel export ban may be just its latest attempt to hurt Europe
▼ + stars: | 2023-09-22 | by ( Anna Cooban | ) edition.cnn.com time to read: +5 min

London CNN —Russia’s decision to ban diesel exports to most countries could not have come at a worse time for Europe. But the EU still needs a steady flow of Russian diesel to global markets to keep prices stable. The Russian government announced the curbs — which also apply to gasoline — Thursday, saying they were aimed at stabilizing domestic fuel prices. Diesel is Europe’s economic workhorse, powering the majority of vans and trucks ferrying goods and raw materials round the continent. Before Europe imposed its import ban, Russia supplied 40% of the country’s diesel.

Persons: London CNN —, ” Jorge León, ”, Natalia Kolesnikova, Pamela Munger, Henning Gloystein, Gloystein, “, Tim Lister, Anna Chernova Organizations: London CNN, European Union, Reuters, Kremlin, Diesel, Analysts, European, Rystad Energy, CNN, Gazprom, Getty, Eurasia Group, “, Brent Locations: Europe, Russian, Moscow, Ukraine, Russia, Saudi Arabia, South America, East, North Africa, AFP, Turkey, United States

☆ Russia will sell natural gas to China at almost a 50% discount compared to European buyers
▼ + stars: | 2023-09-08 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

Russia expects to sell gas to China at almost half the price compared to European buyers, Bloomberg reported. Gas for China will average $271.6 per 1,000 cubic meters in 2024, versus $481.7 for buyers in Europe and Turkey. Buyers in Europe and Turkey, on the other hand, will face an average price of $481.7. AdvertisementAdvertisementThis year, meanwhile, Russia expects to sell gas to China at an average of $297.3 per 1,000 cubic meters, while the remaining clients in Europe and Turkey will pay an average of $500.6. Meanwhile, Moscow anticipates state-run energy giant Gazprom to supply natural gas to China on a $400 billion contract, via the Power of Siberia connection.

Persons: Mikhail Mishustin, Vladimir Putin, —, Jeffrey Sonnenfeld Organizations: Bloomberg, Service, Buyers, Gazprom, Yale Locations: Russia, China, Gas, Europe, Turkey, Wall, Silicon, Moscow, Siberia, Ukraine

☆ Russia gas price seen much lower for China than for Europe
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +2 min

Companies Gazprom PAO FollowMOSCOW, Sept 8 (Reuters) - The price for the Russian pipeline gas for China is expected to be steadily declining in next few years, and is seen much lower than Moscow is selling to Europe, a Russian government document, seen by Reuters on Friday, shows. Oil exports from Russia are also seen declining next year, according to the forecast of Russia's socio-economic development forecast until 2026, while the price of Russian oil is seen rising in 2024. The price of Russian pipeline gas has not been made public by the government or the energy giant Gazprom (GAZP.MM) since the start of supplies in 2019, while analysts have long suspected that it was much lower than the one Russia sells at to Europe. Russian crude oil exports are also seen declining this year to 247 million tons (4.96 million barrels per day) from 248.2 million tons in 2022. It is expected to fall further to 240 million tons next year before recovering back to 247 million tons in 2025.

Persons: Alexander Novak Organizations: Gazprom PAO, Reuters, Gazprom, West, Thomson Locations: MOSCOW, China, Moscow, Europe, Russia, Russian, Turkey, Ukraine

☆ Moldova puts its debt to Gazprom at $8.6 mln, Russian firm disagrees
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +2 min

The former Soviet republic, nestled between Ukraine and European Union member Romania, used to buy Russian natural gas. But Gazprom and its Moldovan subsidiary said in late 2021 it had accumulated hundreds of millions of dollars in debt. Prime Minister Dorin Recean added: "After clarifications regarding the debt for natural gas, Moldova and citizens are not obliged to pay the corresponding bills." Parlicov said the auditors had not received documents from Moldovagaz and Gazprom to cover $276 million of the alleged debt. She has previously said that Moldova has no debts to Gazprom for natural gas.

Persons: Victor Parlicov, Dorin Recean, Maria Zakharov, Parlicov, Maia Sandu, Alexander Tanas, Vladimir Soldatkin, Anna Pruchnicka, Alexander Smith, Kevin Liffey, Ron Popeski, David Gregorio Our Organizations: Gazprom PAO, Gazprom, European Union, Romania, Moldovan, Moldova Energy, Foreign Ministry, Moldovagaz, Thomson Locations: CHISINAU, Moldova, Russian, Soviet, Ukraine, Chisinau, Moldovagaz, Moscow

☆ Russian gas exports to EU seen dropping sharply in 2023, state bank VEB says
▼ + stars: | 2023-09-05 | by ( ) www.reuters.com time to read: +2 min

VEB expects total Russian natural gas exports to fall this year to 100 bcm from 131 bcm in 2022. According to Reuters calculations, pipeline natural gas exports to Europe by Kremlin-controlled Gazprom (GAZP.MM) have declined to around 17.7 bcm so far this year. Europe drastically cut purchases of Russian oil and gas following the start in February 2022 of what Moscow has called a special military operation in Ukraine. VEB also expects Russian crude oil exports to decline to 230 million tons (4.6 million barrels per day) this year from 248 million in 2022, amid a possible drop in supplies to the EU to 41 million tons from 115 million tons. VEB forecasts that Russian oil exports will recover to 239 million tons in 2026 thanks to a boost in supplies to China and India.

Persons: Alexander Novak, Darya Korsunskaya, Vladimir Soldatkin, Paul Simao Organizations: Gazprom PAO, European, VEB, Gazprom, Thomson Locations: MOSCOW, European Union, Russian, Europe, Kremlin, Moscow, Ukraine, Russia, Asia, China, India

☆ Moldovan president says audit disproves $800 million Gazprom debt claim: report
▼ + stars: | 2023-09-03 | by ( ) www.reuters.com time to read: +1 min

Moldovan President Maia Sandu attends a press conference during a meeting of the European Political Community at Mimi Castle in Bulboaca, Moldova June 1, 2023. REUTERS/Vladislav Culiomza/File Photo Acquire Licensing RightsSept 3 (Reuters) - An audit carried out by an international firm has disproved Russian gas giant Gazprom's claim that the Moldovan government owes it $800 million, Moldovan President Maia Sandu was quoted as saying on Sunday. The former Soviet republic, situated between Ukraine and EU member Romania, used to buy Russian natural gas. But in late 2021 Gazprom and its Moldovan subsidiary said it had accumulated hundreds of millions of dollars in debt which had to be repaid to ensure further stable supplies. Gazprom put the debt at $709 million a year ago, although the sum might have increased with the addition of interest.

Persons: Maia Sandu, Mimi, Vladislav Culiomza, Sandu, Moldova's, Ros Russell Organizations: REUTERS, Moldovan, Gazprom, Reuters, Thomson Locations: Bulboaca, Moldova, Soviet, Ukraine, Romania, Chisinau

The quarterly production dropped 2.2% to 3.9 million barrels per day, Rosneft said, adding that its first-half sales reached 3.9 trillion roubles ($41 billion), down by more than a quarter from the previous year due to weaker oil prices. Still, revenue in the reported quarter increased 12.1% to 2 trillion roubles. Profits for global oil majors this year have dropped by about half from a bumper 2022, when Russia's actions in Ukraine sent oil and gas prices soaring. Russia divested its oil sales away from Europe to Asia and other global regions after the West imposed sanctions, including an embargo on Russia sea-borne oil purchases, over Moscow's actions in Ukraine. Rosneft's earnings before interest, taxes, depreciation and amortization (EBITDA) in the January-June period declined 5.1% to 1.4 trillion roubles.

Persons: Sechin, Rosneft, Igor Sechin, Vladimir Putin, Vladimir Soldatkin, Jacqueline Wong, Sherry Jacob, Phillips Organizations: OPEC, Gazprom, of, Petroleum, Kremlin, Thomson Locations: Russia, Ukraine, Europe, Asia, India, China

☆ Russia's Gazprom says it swings to Q2 net loss as exports to Europe slump
▼ + stars: | 2023-08-29 | by ( ) www.reuters.com time to read: +1 min

Companies Gazprom PAO FollowMOSCOW, Aug 29 (Reuters) - Russia's Gazprom (GAZP.MM) said on Tuesday it generated a net loss of 18.6 billion roubles ($197 million) in the second quarter of 2023 after a net profit of 1.03 trillion roubles a year earlier following the collapse of gas exports to Europe. Gazprom has suspended the disclosure of its exports data, but according to Reuters calculations, supplies to Europe, once its key source of earnings, were about 15 billion cubic metres (bcm) in January-July compared with 62 bcm for the whole 2022. The Kremlin-controlled company also said its net income for the first six months of the year fell to 296 billion roubles from 2.5 trillion roubles in January-June 2022, while its base for dividend payment reached 618 billion roubles for the period. The company usually pays dividend of 50% of its adjusted net income. ($1 = 94.4250 roubles)Reporting by Vladimir Soldatkin and Oksana Kobzeva Editing by Chris Reese and Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Vladimir Soldatkin, Oksana Kobzeva, Chris Reese, Tomasz Janowski Organizations: Gazprom PAO, Gazprom, U.S, Thomson Locations: MOSCOW, Europe, China

☆ Russian Putin critics like Prigozhin who met an early death
▼ + stars: | 2023-08-24 | by ( Lauren Said-Moorhouse | ) edition.cnn.com time to read: +14 min

No evidence has been presented that points to the involvement of the Kremlin or Russian security services in the crash. Nemtsov’s death came two days before he was set to lead an opposition rally in the Russian capital. Alexander PerepilichnyyOver the years, suggestions have emerged of the possible use of a rare plant poison in the death of Russian financier Alexander Perepilichnyy. ANDREY SMIRNOV/AFP/AFP/Getty ImagesRussian lawyer Sergei Magnitsky died in a Russian prison in 2009. The most prominent voice of dissent in Putin’s Russia, the lawyer, politician and corruption activist for years orchestrated massive street protests.

Persons: Yevgeny Prigozhin’s, Wagner, –, Bill Browder, “ Putin, Boris Nemtsov, Boris Yeltsin, Ilya Yashin, Nemtsov, Vladimir Putin, ”, Nemtsov’s, Boris Berezovsky Boris Berezovsky, Warrick Page, Boris Berezovsky, Putin, Berezovsky, Alexander Perepilichnyy, Perepilichnyy, Sergei Magnitsky, ANDREY SMIRNOV, Magnitsky, Browder, Alexander Litvinenko Alexander Litvinenko, Alexander Litvinenko, Litvinenko –, Robert Owen, Putin “, Litvinenko, Marina Litvinenko, Anna Politkovskaya, JENS SCHLUETER, Lom, Ali Gaitukayev, Politkovskaya, Chechen Republic …, ” Drownings, Prigozhin, Gennady Lopyrev –, “, Lopyrev, Pyotr Kucherenko, Pavel Antov, Vladimir Budanov, Budanov, Alexander Buzakov, Anatoly Gerashchenko, Ravil Maganov, Lukoil, Maganov “, Alexey Navalny, Navalny, Mikhail Khodorkovsky, Sergei Skripal, Skripal, Yulia Organizations: CNN, Kremlin, Getty, Republican Party of Russia, Party, Newsweek, of Justice, Royal Botanic, AFP, Getty Images, Hermitage Capital, KGB, Authorities, The, Protect Journalists, RIA Novosti, Russia’s, Science, Higher Education, Gazprom, Lukoil, Reuters, Moscow Aviation Institute, TASS, Putin’s United, “ Locations: Russia, Boris Nemtsov Russian, AFP, Moscow, Ukraine, Russian, London's, Europe, England, Soviet Union, Britain, Surrey, London, Kew, American, Chechnya, Leipzig, Germany, The New York, Chechen Republic, Washington, Gelendzhik, ”, Cuba, India, Putin’s Russia, Putin’s United Russia, United States

☆ Russia's Gazprom Neft Q2 net profit falls 43% y/y
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +1 min

Profits for global oil majors have dropped by about half from a bumper 2022, when Russia's actions in Ukraine sent oil and gas prices soaring. Gazprom Neft did not publish its financial results last year. The company, the oil arm of gas giant Gazprom (GAZP.MM), also said its April-June total revenues decreased to 821.6 billion roubles from 835.8 billion in the same period in 2022. Russia's energy sector has been under severe pressure from Western sanctions, imposed over Moscow's actions in Ukraine. They include price caps and an embargo on purchases of Russia's sea-borne oil.

Persons: Vladimir Soldatkin, Mark Potter, Gareth Jones Organizations: Gazprom Neft, Kremlin, Gazprom, Gazprom Neft's, Thomson Locations: Russia, Ukraine MOSCOW, Ukraine, Moscow, China, India

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