Mt. Gazprom? _ Russia region wants to brand mountain with gas monopoly logo

August 26th, 2009 Gazprom's 1Q profit down 62 pct to $3.3 blnMOSCOW — Russian gas monopoly Gazprom on Wednesday reported a 62 percent drop in net profit for the first quarter of 2009, when the company was hit hard by disruptions of gas supplies to Europe and the plunging value of the ruble. Net profit at the world's largest gas producer dropped to 103.7 billion rubles ($3.3 billion) during the January-March period from 273.4 billion a year earlier.

June 29th, 2009 Russia, Azerbaijan expected to agree new gas dealMOSCOW — Russia's president was expected to clinch a major new natural gas deal with Azerbaijan on Monday, dealing another blow to Western efforts to find alternates to Russia for energy supplies. Dmitry Medvedev was to travel to the Azerbaijani capital Baku, along with the chief of Russia's state-run natural gas monopoly, Gazprom, to oversee the deal's signing.

June 25th, 2009 Gazprom considers 30 pct cut in investmentMOSCOW — Gazprom, Russia's state-controlled gas monopoly, said Thursday it may cut its investment program by 30 percent this year due to weaker finances amid the global economic downturn. The Gazprom deputy chief for finances, Andrei Kruglov, told a news conference that "the current difficult situation will call for a change of plans." He insisted, however, that Gazprom has enough cash and credit facilities to maintain a high level of liquidity.

June 24th, 2009 Gazprom sales weak, but European demand recoveringMOSCOW — Russian gas monopoly Gazprom expects sales to drop by about 40 percent this year despite increased consumption in Europe in recent months, deputy CEO Alexander Medvedev said Wednesday. Gazprom's exports to Europe in the first half of the year will total 60 billion cubic meters, 26 percent less than initially planned, said Medvedev, who is foreign operations chief for the state-controlled behemoth.

May 12th, 2009 Poland's PGNiG, Gazprom reach gas delivery dealWARSAW, Poland — Poland's gas monopoly PGNiG said Tuesday it had reached a deal with Gazprom to receive 1.024 billion cubic meters (1.34 billion cubic yards) of natural gas from the Russian company through the end of September. PGNiG, or Polskie Gornictwo Naftowe i Gazownictwo, estimated the value of the agreement at around $300 million, but said the final value would depend on the world market price of crude oil products.

January 19th, 2009 MOSCOW - Russian gas was on its way to Europe Tuesday after the Russian monopoly Gazprom began pumping it into a Ukrainian transit pipeline for the first time since a nearly two-week supply blockade began. Ukrainian Prime Minister Yulia Tymoshenko said in Moscow that Gazprom began the deliveries at 4 a.m.

January 13th, 2009 MOSCOW - Russian gas has been stolen after being pumped into Ukraine's gas transportation system, an official spokesman for Russian energy giant Gazprom has said. Under Monday's deal with the European Union (EU) and Ukraine, Gazprom Tuesday resumed pumping gas into Ukraine for transit to Europe.

January 12th, 2009 MOSCOW - Russian gas export monopoly Gazprom said Tuesday Ukraine has again blocked on-shipments of Russian gas to Europe. 'This morning Gazprom began realising its plan to restore gas deliveries to Europe.

January 11th, 2009 BRUSSELS/MOSCOW - Ukraine and the European Union (EU) have done everything Russia asked to guarantee the safe flow of gas to Europe, so Moscow has no excuse not to 'immediately' turn the gas back on, the 27-nation grouping's presidency said Monday. 'The Russian conditions are fully fulfilled, and Russia has no reason not to restore gas supplies immediately,' Czech Energy Minister Martin Riman, whose country holds the EU's rotating presidency, told journalists in Brussels.

January 10th, 2009 MOSCOW - Russian energy monopoly Gazprom said Saturday that it had resumed 'to a minimal extent' gas deliveries via Ukraine after days of leaving the taps turned off over a payment dispute. The move was to be understood as a 'gesture of good will', Gazprom head Alexei Miller said Saturday in Moscow during a meeting with European energy firms, Interfax news agency reported.

January 6th, 2009 WASHINGTON - The US urged Russia and Ukraine Tuesday to end their dispute over natural gas supplies that has caused a sharp decline in shipments throughout Europe. 'Russia and Ukraine should get together, come to the table, work out the differences that exist between them in what would appear to be a commercial dispute,' State Department spokesman Sean McCormack said.

January 6th, 2009 BERLIN/KIEV - Ukraine has closed down the fourth and final pipeline pumping Russian gas to Europe, Russia's energy giant Gazprom said Wednesday. Ukraine's national energy company Naftogaz said Gazprom had stopped feeding gas to Ukrainian pipes, hence it closed down its network.

January 1st, 2009 WASHINGTON - The US Thursday urged Russia and the Ukraine to resolve their dispute over payments and debts owed for natural gas in a 'transparent, commercial manner'. In a statement issued by US Department of State acting deputy spokesman Gordon Duguid, the US said it was 'concerned' that Russia's Gazprom had cut off gas that is sold to Ukraine.

December 31st, 2008 MOSCOW - Russia's gas export monopoly Gazprom said Thursday that it has fully cut gas supplies to Ukraine but increased deliveries to Europe after last-ditch talks failed late Wednesday. 'Deliveries to Ukraine were cut in full at 10:00 a.m.

December 26th, 2008 MOSCOW - Russian gas export monopoly Gazprom has said its dispute with Ukraine over payments could cause disruptions in deliveries to Western Europe, a news agency reported. Gazprom spokesman Sergei Kupriyanov said that the head of the Russian gas behemoth Alexei Miller had notified Europe's largest clients that it could not rule out the possibility of a cut off, according to Itar-Tass.