OAO Gazprom Chief Executive Officer Alexey Miller said trends so far this year bare out the biggest natural-gas producer’s prior forecast that exports will recover to 2011 levels amid colder-than-usual March weather in Europe.
OAO Gazprom, the world’s biggest natural-gas producer, is reviving plans to build a power plant in Germany to boost sales to its biggest export market via the Nord Stream pipeline and develop European generation.
President Vladimir Putin met his Ukrainian counterpart Viktor Yanukovych today as Russia’s smaller neighbor seeks to trim the price it pays OAO Gazprom for fuel supplies by leasing out its natural gas pipelines.
Nord Stream AG expects to start formal talks with banks “shortly” on borrowing 2.5 billion euros ($3.2 billion) for the expansion of a gas pipeline under the Baltic Sea to Germany, after delays this year.
OAO Rosneft nominated former executives from Exxon Mobil Corp. and Morgan Stanley as well as BP Plc’s chief executive officer to its board as the company prepares to become the world’s largest traded oil producer.
OAO Gazprom, the Russian gas-export monopoly seeking to expand European distribution, said the U.K. and BP Plc are interested in bringing the Moscow-based company’s Nord Stream pipeline to the island nation.