OGZPY News and Press, PJSC Gazprom ADR From 01/16/21

Zurich Insurance will drop out of the Russia-to-Germany Nord Stream 2 project in the face of looming U.S. sanctions against European companies that support construction of the gas pipeline, Reuters reports.Zurich, which has a big U.S. business, is one of ~20 insurers in a consortium backing t...

The U.S. State Department has told European companies which it suspects are helping to build the Gazprom-led (OGZPY) Nord Stream 2 gas pipeline that they face the risk of sanctions, as the outgoing Trump administration prepares a final round of punitive measures against the project, Reuters r...

With bond yields stuck at historic lows, the best yield opportunities are clustered in the equity markets, Barron's says in this weekend's edition, ranking income investment categories for 2021 from first to worst: energy pipelines, U.S. dividend stocks, overseas dividend stocks, electric uti...

2020 is over and my portfolio returned -1.4%. This is a positive surprise considering a 34% drawdown in March during the first pandemic shockwave. Some stocks recovered strongly from their March 2020 lows while some are still lagging behind the market. Since the inception in 2013,...

The European gas market has fully recovered from the coronavirus crisis, and gas prices are at highs since early 2019. Gazprom is a major gas exporter to Europe, which means the company is a major beneficiary of a booming gas market. Our SOTP valuation points to a fair price of US...

Gazprom (OGZPY) expects to have produced 452B cm of gas in a "challenging" 2020, CEO Alexei Miller says in his pre-New Year speech, which would show a 10% decline on the 500B cm produced last year.Gazprom's production capacity exceeds annual production by nearly 100B cm, Miller says, which im...

I would like to move away from politics and discuss some practical things about Nord Stream 2. NS2 won't be particularly useful for Gazprom right now, but the pipeline is strategically important in the longer term. Despite the pressure on the project, I'm confident that NS2 will b...

The Gazprom-led (OGZPY) Nord Stream 2 consortium is expected to start laying gas pipes in Danish waters, according to a notification issued by the Danish Maritime Authority, after a yearlong suspension of construction from the threat of sanctions from the U.S.The Danish regulator's website sa...

Gazprom shares have declined through 2020 due to COVID and European gas price declines. The company is spending to diversify its export destinations to include China. With additional capacity to come online in 2022, Gazprom's EPS and FCF look to get a substantial boost. Growth...

Russia has resumed construction of the Nord Stream 2 gas pipeline to Germany, laying pipes after a one-year hiatus caused by U.S. sanctions, the pipeline operator says.Gazprom's (OGZPY) western partners in the project, which is estimated to cost €9.5B ($11.5B), are Royal Dutch Shell ([...