OAO Gazprom sees its average price for Europe dropping for the first time in four years as customers win additional concessions from the world’s biggest natural-gas producer and oil prices ease.
Lithuania asked OAO Gazprom to reduce natural-gas prices as the Baltic nation works to reduce its dependence on the Russian supplier.
OAO Gazprom expects revenue from natural-gas exports to Europe to jump 37 percent this year after prices for the fuel rose and demand recovered.
OAO Gazprom expects 2011 total export revenue to top the 2008 record as natural-gas prices increase and demand for the fuel recovers in Europe.
OAO Gazprom, the world’s largest natural gas producer, will strive to forge supply deals with India and China this year as it seeks to win customers outside of Europe, where demand is waning.
The death toll from the crash of a Russian plane carrying the Lokomotiv Yaroslavl hockey team rose to 43 as all but two of the people on board were killed.
OAO Gazprom , Russia’s gas export monopoly, is seeking liquefied natural-gas deals outside of Russia that may involve asset swaps.
OAO Gazprom, Russia’s natural-gas export monopoly, intends to build a pipeline to Croatia and a power plant in the country to maintain its market for the fuel.
Russia’s top hockey league may switch to a centralized air transportation system in a bid to improve safety after a chartered-plane crash wiped out the Lokomotiv Yaroslavl team earlier this month.
OAO Gazprom , Russia’s gas export monopoly, warned the European Union that changes in pipeline ownership and a move away from long-term contracts may lead to a drop in supply and a shift in Russian gas exports to Asia.
"The two factors are playing a role."
- Alexander Medvedev on Jun 04, 2013