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

GAZPROM PAO

(GAZP)
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German regulator orders Opal pipeline to curb gas flows

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09/13/2019 | 06:53am EDT

FRANKFURT (Reuters) - The Opal gas pipeline, which links arrivals from the undersea Nord Stream 1 pipeline with onshore European grids, must stop auctioning volumes of 15.9 million kilowatt hours per hour with immediate effect, Germany's network regulator said on Friday.

The move comes in the wake of a ruling by Europe's top court on Tuesday to this extent.

Total Opal capacity amounts to 40 million kWh/h.

The European Court of Justice overruled a previous European Union decision that allowed Opal to sell and ship more supply, after it was contested by Poland in a geopolitically sensitive and long-running case.

(Reporting by Vera Eckert, editing by Riham Alkousaa)

Stocks mentioned in the article
ChangeLast1st jan.
GAZPROM PAO End-of-day quote.
PUBLIC JOINT STOCK COMPANY GAZPROM 3.36% 7.324 Delayed Quote.65.82%
UNIPER SE 0.11% 28.31 Delayed Quote.25.27%
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Financials (USD)
Sales 2019 122 B
EBIT 2019 21 939 M
Net income 2019 21 768 M
Debt 2019 42 101 M
Yield 2019 6,84%
P/E ratio 2019 3,84x
P/E ratio 2020 4,37x
EV / Sales2019 1,01x
EV / Sales2020 1,01x
Capitalization 81 741 M
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Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 4,09  $
Last Close Price 3,70  $
Spread / Highest target 44,2%
Spread / Average Target 10,5%
Spread / Lowest Target -27,0%
EPS Revisions
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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
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