OGZPY News and Press, PJSC Gazprom ADR From 06/25/21

Analysts and media personalities trying to figure out what outcome if any came from the summit or why it happened so fast into the Biden presidency are ignoring economic factors. Many factors may have played a role in making the summit happen, but stagnating US shale production return...

Gazprom offers a unique investment opportunity in the stagnating energy sector. Gazprom is expected to profit from growing natural gas demand in China and the dependency of Europe. The business of Gazprom Neft is unfairly regarded as fading. The valuation of Gazprom remains ch...

Secretary of State Antony Blinken called completion of the Nord Stream 2 pipeline a "fait accompli" in testimony today before the House Foreign Affairs Committee, and said the U.S. is working with Germany to mitigate the damage it will cause to Europe's energy system.Sanctioning the top execu...

A Dutch court decision that obligates Shell to cut emissions by 45% worldwide by 2030 is likely to have a devastating effect on the company unless Shell's appeal will succeed. In the likely event that the appeal will fail, there is a drastic and unlikely alternative solution for the c...

The latest OPEC+ gathering takes place via videoconference today as pandemic travel continues to prevent the usual meeting spot in Vienna. The group is now holding monthly meetings, giving it more immediate power to make decisions on current oil market conditions, as well as room to maneuver....

Gazprom (OGZPY) says it swung to a Q1 net profit of 447.2B rubles ($6.1B) from a loss of 116B in the year-ago quarter, aided by higher prices and sales as well as a favorable foreign exchange rate.Total Q1 sales rose 35% Y/Y to 2.29T rubles and EBITDA rose 38% to 700.6B rubles.The company say...

Russian economy paid a heavy price for its country’s aggressive actions against Ukraine in recent years. Considering that currently there’s the highest concentration of Russian troops along the Ukrainian border since 2014, there’s a risk that Russia decides to onc...

Gazprom's management is committed to the new dividend policy even under difficult conditions. Strong gas production and supply volumes clearly reflect the upward trend in combination with rising natural gas prices. Nord Stream 2 will be completed after all. The stock price sti...

The U.S. will waive sanctions on the corporate entity and CEO overseeing the construction of the Nord Stream 2 pipeline, which would indicate that the Biden administration is not willing to rupture its relationship with Germany over the pipeline, Axios reports.The State Department soon will s...

Only ~100 km of the Nord Stream 2 gas pipeline are left to lay, according to Russia's ambassador to Germany, meaning the remaining pipeline could need just three more months for completion.In an interview with German media outlet RND, Sergei Nechayev also said he was hopeful the Gazprom-led (...