Alexei Miller News
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Japan, the world’s top importer of liquefied natural gas, has its best opportunity to bargain for lower prices since it started buying the power-plant fuel 44 years ago. One reason is Russia.
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No large company in the world has been so spectacularly mismanaged as Russia’s state-dominated natural-gas corporation Gazprom OAO. In the last decade, its management has made every conceivable mistake.
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Russia’s Gazprom OAO and Serbia’s Srbijagas JP signed a contract on natural-gas sales to the Balkan country through 2021 as Gazprom announced it may invest in gas-fired power plants in Serbia.
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OAO Gazprom plans to boost gas exports this year, after deliveries rose 22 percent in the first five months, said Chief Executive Officer Alexei Miller.
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OAO Gazprom, Russia’s gas export monopoly, is seeking sales agreements with India, China and South Korea to expand its markets, increase export volumes and ensure stable cash flow.
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OAO Gazprom Chief Executive Officer Alexei Miller said Ukraine is concerned that fourth-quarter gas prices for Europe may reach $500 per 1,000 cubic meters.
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Russian Prime Minister Vladimir Putin’s spokesman, Dmitry Peskov, denied reports of speculation that OAO Gazprom Chief Executive Officer Alexei Miller will leave his position and may be replaced by the billionaire shareholder and head of OAO Novatek, Leonid Mikhelson.
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OAO Gazprom may miss its gas production target this year after demand in southern Europe fell sharply because of the region’s economic situation, said Chief Executive Officer Alexei Miller .
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OAO Gazprom Chief Executive Officer Alexei Miller said talks with EDF SA on the French power producer joining the South Stream pipeline link will be completed in the next month and a half or two months.
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OAO Gazprom , Russia’s gas export monopoly, agreed to a joint venture with Bulgaria’s state utility to run the Balkan country’s section of the planned South Stream gas pipeline to central and southern Europe.
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