Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  MOSCOW INTERBANK CURRENCY EXCHANGE  >  Gazprom PAO    GAZP   RU0007661625

GAZPROM PAO

(GAZP)
  Report  
SummaryNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Gazprom : LNG trading team in Singapore resigns - sources

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/03/2019 | 06:05am EST
A logo of Gazprom Transgaz Tomsk is pictured at the Atamanskaya compressor station, facility of Gazprom's Power Of Siberia project outside the far eastern town of Svobodny

The liquefied natural gas (LNG) physical trading team at the Singapore unit of Russia's Gazprom, including the global head of LNG trading, have resigned from the company, several industry sources said.

The three LNG traders at Gazprom Marketing and Trading Singapore, which is a subsidiary of gas producer Gazprom group, have more than 25 years combined experience, according to the sources.

There are no immediate plans to shut the Singapore unit, one of the sources with knowledge of the matter said, although Gazprom is reorganising its overseas trading and export operations with hundreds of jobs potentially moving to St Petersburg https://www.reuters.com/article/us-gazprom-trading-exclusive/exclusive-gazprom-to-cut-hundreds-of-traders-as-kremlin-retreats-from-west-idUSKCN1GQ1UD.

The traders who resigned are Delia Proteasa, head of LNG trading at Gazprom Marketing and Trading, and Akshay Kaul and Aimie Parpia, the sources said. The team handles the company's physical volumes, they added.

The three traders could not immediately be reached for comment, while Gazprom Export, which is in charge of all trading activities for the company including the Singapore unit, declined to comment when contacted by Reuters.

The traders are leaving to join another firm next year, the sources said, without giving details.

The company's LNG trading has mainly been done from offices in Singapore and London, a second source said, adding that two LNG traders were still based in the London office.

(Reporting by Jessica Jaganathan and Florence Tan; Additional reporting by Maria Grabar in MOSCOW; Editing by Alexander Smith and Kirsten Donovan)

By Jessica Jaganathan and Florence Tan

Stocks treated in this article : Gazprom PAO, Traders Holdings Co.,Ltd.
Stocks mentioned in the article
ChangeLast1st jan.
GAZPROM PAO End-of-day quote.
TRADERS HOLDINGS CO.,LTD. 3.51% 118 End-of-day quote.227.78%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on GAZPROM PAO
12/05PUBLIC JOINT STOCK GAZPROM : Chairman of Gazprom Management Committee and Mongol..
PU
12/05GAZPROM : Russia, Ukraine have no plans for face-to-face gas talks on Thursday &..
RE
12/03PUBLIC JOINT STOCK GAZPROM : Chairman of Gazprom Management Committee and Mongol..
PU
12/03GAZPROM : LNG trading team in Singapore resigns - sources
RE
12/02PUBLIC JOINT STOCK GAZPROM : Gazprom completes construction of gas pipeline bran..
PU
12/02GAZPROM : Putin and Xi oversee launch of landmark Russian gas pipeline to China
RE
12/01China and Russia Are Partners -- and Now Have a $55 Billion Pipeline to Prove..
DJ
11/29PUBLIC JOINT STOCK GAZPROM : Alexey Miller and Francois Fillon discuss developme..
PU
11/29PUBLIC JOINT STOCK GAZPROM : Gazprom and Wintershall Dea discuss current issues ..
PU
11/29GAZPROM : Russian Gazprom's quarterly profit falls on lower export prices, volum..
RE
More news
Financials (USD)
Sales 2019 121 B
EBIT 2019 20 536 M
Net income 2019 20 870 M
Debt 2019 36 699 M
Yield 2019 6,11%
P/E ratio 2019 4,20x
P/E ratio 2020 4,81x
EV / Sales2019 1,04x
EV / Sales2020 1,07x
Capitalization 89 186 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 4,20  $
Last Close Price 3,91  $
Spread / Highest target 36,9%
Spread / Average Target 7,48%
Spread / Lowest Target -30,9%
EPS Revisions
Managers
NameTitle
Alexei Borisovich Miller Deputy Chairman & Chairman-Management Board
Viktor Alexeevich Zubkov Chairman
Timur Askarovich Kulibayev Independent Director
Vladimir Alexandrovich Mau Director
Andrey Igorevich Akimov Director
Sector and Competitors
1st jan.Capitalization (M$)
GAZPROM PAO88 831
ROYAL DUTCH SHELL0.78%224 812
PETROCHINA COMPANY LIMITED-24.84%139 814
TOTAL2.63%139 257
PETRÓLEO BRASILEIRO S.A. - PETROBRAS33.91%99 391
PUBLIC JOINT STOCK COMPANY ROSNEFT OIL COMPANY13.75%74 505