OGZPY News and Press, PJSC Gazprom ADR From 02/04/22

Earlier Friday, Gazprom (OTCPK:OGZPY) announced a new long-term supply deal with China's State-owned CNPC (NYSE:SNP). The deal will provide 48 billion cubic meters (bcm) per year of gas to China, with 10bcm flowing through Far East pipeline and the remaining 38bcm flowing through the Power of...

"Nord Stream 2 is ready for operations," Russian President Vladimir Putin declared today, with certification the only remaining hurdle before actual gas deliveries can begin. The pipeline can start delivering as much as 55B cm/year of natural gas from Russia across the Baltic Sea to Germany a...

Though warmer temps and a flotilla of LNG have tempered the recent 20%+ moves in European natural gas prices, consumers are still paying ~600% more for the fossil fuel than they paid during the same period last year. And the consequences are beginning to reach beyond utility bills; last week ...

Gazprom reported record Q3 results and Q4 is expected to be even better. High demand and extremely high gas prices support a record dividend in 2022. European underground gas storage levels are at record lows and natural gas will remain an important energy source for a long time. ...

German electricity prices soared ~13% Monday, as a high-pressure weather system across Europe is expected to reduce wind generation.  The French Government has requested Electricite de France (OTCPK:ECIFF) restart offline nuclear capacity early, following news last week that two reactors...

During routine maintenance, Electricite de France (OTCPK:ECIFF) ("EDF") found pipe defects on the safety injection systems for two nuclear facilities; both are shut down awaiting repair. Two additional reactors, using the same technology, will be shut down briefly later this month for inspect...

The energy shortfall in the EU, currently translated into a significant shortfall in its natural gas inventories and record-high energy prices is just the opening act of the scarcity economy. By the middle of next year, we will observe a supply gap in the oil supply/demand balance. ...

The heavily disputed Nord Stream II natural gas pipeline from Russia to Germany has returned to the news this week, with a Russian military buildup on Ukraine's border leading the White House to threaten sanction against the gas pipe Nord Stream II, long under sanction by the Trump admin...

S&P far outperformed emerging market funds YTD. RSX stands out as coming closest to rivaling S&P in terms of performance among major emerging markets. Geopolitical views seem to have had a negative impact on sentiment in regards to Russia's economic evolution over the past few...

Henry hub natural gas prices in the US (NG1:COM) were off as much as 12% today, following a warm weather forecast from the National Weather Service European natural gas prices continue to rally, up as much as 6% today, on low inventories, falling domestic production, and a bullish update from...