Gazprom

Ørsted continues to reject demand for payment in roubles – risk of Gazprom Export’s gas supplies to Ørsted being halted

Retrieved on: 
Monday, May 30, 2022
Risk, Contract, Biomass, Coal, Gazprom, Natural gas, Renewable energy, EU

Gazprom Export continues to demand that rsted pays for gas supplies in roubles.

Key Points: 
  • Gazprom Export continues to demand that rsted pays for gas supplies in roubles.
  • Therefore, there is a risk that Gazprom Export will stop supplying gas to rsted.
  • However, this means that the gas for Denmark must, to a larger extent, be purchased on the European gas market.
  • In rsted, we have been preparing for this scenario to minimise the risk of rsted's gas customers, which are primarily major companies in Denmark and Sweden, experiencing shortfalls in gas supplies.

Interim report for the first three months of 2022: Strong operational and financial results and continued strategic progress with full year EBITDA guidance reiterated

Retrieved on: 
Friday, April 29, 2022
Gazprom, Foundation, LOI, Plant, Biomass, CEO, Wind, Repsol, Bioenergy, Contract, Board of directors, Coal, DKK, Hornsea, CHP, Board, Group, Comment, Borkum, Greater, EBITDA, Medical device, Renewable energy, Maersk, EU

Interim report for the first three months of 2022: Strong operational and financial results and continued strategic progress with full year EBITDA guidance reiterated

Key Points: 
  • Interim report for the first three months of 2022: Strong operational and financial results and continued strategic progress with full year EBITDA guidance reiterated
    Dissemination of a Regulatory Announcement, transmitted by EQS Group.
  • Today, rsted's Board of Directors approved the interim report for the first three months of 2022.
  • EBITDA excluding new partnerships amounted to DKK 7.8 billion, DKK 3.0 billion higher than in the same period last year.
  • We managed to achieve strong operational and financial results and continued strategic progress in the first quarter of 2022.

The Corporate Citizenship Project Asks ISS Why Gazprom Still Enjoys "C Minus" ESG Rating After Kremlin-Owned Oil Company Cuts off Gas to Poland and Bulgaria

Retrieved on: 
Thursday, April 28, 2022
Gazprom, Letter, Crime, Institutional Shareholder Services, ESG, ISS, CEO, News

DES MOINES, Iowa, April 28, 2022 /PRNewswire/ -- The Corporate Citizenship Project, a think-tank focused on a data-driven approach to corporate governance issues, released a letter to Institutional Shareholder Services ("ISS") asking the proxy advisor why Russian state-owned energy company Gazprom enjoys a respectable "C Minus" rating on ESG despite recent news reports stating Gazprom has cut off US-allies Poland and Bulgaria from receiving gas supplies.

Key Points: 
  • Ghada Salahuddin, President & CEO of The Corporate Citizenship Project, had the following statement on the letter:
    "Russian state-owned energy giant Gazprom serves as a vehicle of oppression against the people of Eastern Europe cutting off gas supplies for refusal to accede to Putin's demands.
  • I am shocked that ISS seems to think they deserve a respectable ESG rating.
  • This, compounded with ISS's apparent refusal to downgrade Russia's ESG rating even after President Biden accused Russia of committing war crimes in Ukraine raises troubling questions.
  • We need to know if ISS has accepted any payments from Russian state-owned companies and, if so, if they are continuing to do so."

The Corporate Citizenship Project Asks ISS to Clarify Apparent Decision Not to Downgrade Russia's ESG Rating

Retrieved on: 
Thursday, April 7, 2022
Letter, Leadership, Genstar Capital, Moscow Kremlin, Rosneft, Environmental, social and corporate governance, Deutsche Börse, Seizure, ESG, CEO, Goal, Gazprom, ISS, Institutional Shareholder Services, Biophysical environment, Petroleum, Airline, Lithium, Lukoil

DES MOINES, Iowa, April 7, 2022 /PRNewswire/ -- The Corporate Citizenship Project (www.CorporateCitizenshipProject.com), a think-tank focused on a data-driven approach to corporate governance issues, today penned an open letter to Institutional Shareholder Services ("ISS") CEO Gary Retelny regarding the apparent decision on the part of ISS to not downgrade Russia's Environmental, Social, Governance ("ESG") rating below a "C Minus", leaving Russia's ESG score unchanged since the Russian invasion of Ukraine. 

Key Points: 
  • The letter reads as follows:
    On behalf of The Corporate Citizenship Project, I am asking you to clarify the decision on the part of ISS to not lower the ESG rating for Russia after its invasion of Ukraine.
  • Meanwhile, the reckless Russian decision to shell a nuclear power plant risked causing another Chernobyl-like environmental catastrophe.
  • We are therefore troubled by ISS's apparent decision to leave Russia's ESG rating unchanged.
  • Have ISS parent companies Genstar Capital or Deutsche Boerse influenced, or attempted to influence, ISS ESG ratings of Russia or Russian companies?

TransPerfect Expands Manchester Presence

Retrieved on: 
Monday, March 21, 2022
Communications, Data Management, Technology, Other Communications, Software, Language, Microsoft, AstraZeneca, Gazprom, Solution, Technology, Industry, COVID-19, Nightclub, Amazon, Unilever, Adidas, TransPerfect

Originally opened in 2019 as a small satellite location, TransPerfects Manchester office has grown rapidly since its inception.

Key Points: 
  • Originally opened in 2019 as a small satellite location, TransPerfects Manchester office has grown rapidly since its inception.
  • International organizations with significant presences in Manchester include AstraZeneca, Siemens, Adidas, Microsoft, Amazon, Kelloggs, Unilever, and Gazprom.
  • TransPerfect President and CEO Phil Shawe stated, The United Kingdom continues to be one of TransPerfects major bases of operations.
  • We are excited to expand our presence in Manchester and to tap into the growing talent pool in the region.

TransPerfect Expands Manchester Presence

Retrieved on: 
Monday, March 21, 2022
Microsoft, United Kingdom, Kellogg's, TransPerfect, Language, AstraZeneca, Industry, Technology, COVID-19, Gazprom, Solution, Nightclub, Amazon, Unilever, Adidas

Originally opened in 2019 as a small satellite location, TransPerfect's Manchester office has grown rapidly since its inception.

Key Points: 
  • Originally opened in 2019 as a small satellite location, TransPerfect's Manchester office has grown rapidly since its inception.
  • International organizations with significant presences in Manchester include AstraZeneca, Siemens, Adidas, Microsoft, Amazon, Kellogg's, Unilever, and Gazprom.
  • TransPerfect President and CEO Phil Shawe stated, "The United Kingdom continues to be one of TransPerfect's major bases of operations.
  • We are excited to expand our presence in Manchester and to tap into the growing talent pool in the region."

Ørsted updates investors on the company's exposure to gas contract with Gazprom Export

Retrieved on: 
Tuesday, March 8, 2022
Risk, Time, Gazprom, Coal, Policy, Biomass, Contract, Renewable energy, Natural gas

Concerning rsted's gas purchase contract with Gazprom Export:

Key Points: 
  • Concerning rsted's gas purchase contract with Gazprom Export:
    rsted has a long-term take-or-pay gas purchase contract with Gazprom Export.
  • Gas is no longer a core business for rsted, and accordingly, rsted's gas sourcing contracts are handled as a low-risk, low margin business.In line with this policy, rsted seeks to limit any financial exposure related to the Gazprom Export contract.
  • The main financial exposure relates to the price at which rsted purchases the gas from Gazprom Export, where rsted - under normally functioning market conditions - seeks to lock-in the margin by hedging (i.e.
  • rsted is now taking steps to balance the risk against a scenario where the supply of Russian gas is disrupted or sanctioned by reducing the overall hedge level related to the Gazprom Export contract.

Shell announces intent to withdraw from Russian oil and gas

Retrieved on: 
Tuesday, March 8, 2022
Nationalization, Risk, Phrase, Private Securities Litigation Reform Act, Salym Petroleum Development, Climate change, Shell, Nord, Lists of countries and territories, Lubricant, Contract, Forward-looking statement, Government, U.S. Securities and Exchange Commission, Thought, Ownership, Pandemic, SEC, COVID-19, Acquisition, Nord Stream, Gazprom, Disease, Natural gas, Coronavirus, Atrocity, Disclosure, Gasoline, Oil, Gydan, LNG

LONDON, March 8, 2022 -- Shell plc (Shell) today announced its intent to withdraw from its involvement in all Russian hydrocarbons, including crude oil, petroleum products, gas and liquefied natural gas (LNG) in a phased manner, aligned with new government guidance.

Key Points: 
  • LONDON, March 8, 2022 -- Shell plc (Shell) today announced its intent to withdraw from its involvement in all Russian hydrocarbons, including crude oil, petroleum products, gas and liquefied natural gas (LNG) in a phased manner, aligned with new government guidance.
  • Unless directed by governments, we will:
    Immediately stop buying Russian crude oil on the spot market and we will not renew term contracts.
  • At the same time, in close consultation with governments, we are changing our crude oil supply chain to remove Russian volumes.
  • In this announcement Shell, Shell Group and Group are sometimes used for convenience where references are made to Shell plc and its subsidiaries in general.

Shell intends to exit equity partnerships held with Gazprom entities

Retrieved on: 
Monday, February 28, 2022
Ownership, Risk, Climate change, Gazprom, Compliance, Sakhalin-II, Natural gas, Board, Coronavirus, Phrase, AA, Nord Stream, Nord, COVID-19, Share repurchase, Safety, Mitsui, Nationalization, Acquisition, Shell, Intention, Pandemic, Disclosure, Forward-looking statement, Mitsubishi, Gazprom Neft, Disease, U.S. Securities and Exchange Commission, Private Securities Litigation Reform Act, Lists of countries and territories, Contract, SEC, Policy, Renewable energy, Petroleum, Salym Petroleum Development, Gydan

At the end of 2021, Shell had around $3 billion in non-current assets in these ventures in Russia.

Key Points: 
  • At the end of 2021, Shell had around $3 billion in non-current assets in these ventures in Russia.
  • A joint venture With Gazprom Neft (Shell interest 50%) to explore and develop blocks in the Gydan peninsula, in north-western Siberia.
  • In this announcement Shell, Shell Group and Group are sometimes used for convenience where references are made to Shell plc and its subsidiaries in general.
  • Subsidiaries, Shell subsidiaries and Shell companies as used in this announcement refer to entities over which Shell plc either directly or indirectly has control.

Russia Natural Gas Analyst Map 2022 - Terrain Edition - ResearchAndMarkets.com

Retrieved on: 
Monday, February 14, 2022
Oil, Gas, Energy, LNG, Oil, Map, District, Gazprom, State, Natural gas, Overhaul, Efficiency, Aghajari Gas Injection Project, Graphics processing unit, Petroleum industry in Russia, Return, Vital capacity, Upstream, Gas, Petroleum, Float glass, Life insurance, FSU, Nation

2005-2020 Gazprom's Natural Gas Reserves (by categories A+B+C1, proved, probable, proved + probable);

Key Points: 
  • 2005-2020 Gazprom's Natural Gas Reserves (by categories A+B+C1, proved, probable, proved + probable);
    2005-2020 Gazprom's Oil & Gas Production (natural gas and associated gas, gas condensate, crude oil);
    2005-2020 Gazprom's Natural Gas Sales Revenue (Russia, in far abroad and in FSU countries);
    2005-2020 Gazprom's Average Natural Gas Sales Price (Russia, in far abroad and in FSU countries);
    2005-2020 Gazprom's Geological Exploration Activities in Russia (exploration drilling, completed exploration wells, productive wells, seismic exploration 2D/3D, reserves growth due to geological exploration, drilling efficiency)
    2005-2020 Gazprom's Production Capacity (no.
  • of completed producing wells for natural gas, crude oil and at UGSF; production drilling depth for natural gas, crude oil and at UGSF)
    2005-2020 Gas Received into and Distributed from Gazprom's Gas Transportation System in Russia;
    2005-2020 Major Technical Characteristics of Gazprom's Gas Transportation Assets in Russia (length of gas trunk pipelines and pipeline branches, no.
  • of producing wells);
    2005-2020 Gazprom's Gas Injection and Withdrawal from Underground Gas Storages in Russia (Gas injection into UGSFs in Russia from Q1 to Q4, and gas withdrawal from UGSFs in Russia from Q3 to Q2 of the next year.)
  • Eastern Gas Program's Anticipation of Eastern Russia's Natural Gas Resources;
    15 Options for Developing Natural Gas in Russia's East Siberia and Far East Regions;
    Table of Recommended Plan for Oil and Gas Fields Development Plan;
    Table of Required Field Facilities;
    Table of Natural Gas Balance Sheet;
    Table of Natural Gas Balance Sheet When Connected to UGSS;
    Table of Upstream Investment When Connected to UGSS;
    Table of Return of Investment;
    Table of Return of Investment When Connected to UGSS;
    Table of State Budgetary Revenue;
    Table of Local Natural Gas Supply;
    Table of Total Local Investment;
    Table of Total Local Natural Gas Sales Revenue and Tax.