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

GAZPROM PAO

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Public Joint Stock Gazprom : Alexey Miller and Germany's Government Commissioner discuss gas cooperation between Gazprom and Ukraine from 2020 onward

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11/06/2019 | 08:55am EST

Release

November 6, 2019, 13:25

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Georg Graf Waldersee, Commissioner of the Federal Government of the Federal Republic of Germany for Gas Transit across Ukraine, took place today in St. Petersburg.

The meeting participants discussed issues related to the interaction between Gazprom and Ukraine in the gas sector from 2020 onward.

Alexey Miller pointed out that a number of strategic issues need to be resolved prior to the signing of a new transit contract. The first issue concerns the settling of court disputes between the Company and its Ukrainian counterpart. This would mean a mutual waiver of claims and termination of the court proceedings between Gazprom and Naftogaz of Ukraine regarding the contracts for Russian gas supplies and transit, as well as restoration of balance between the commercial interests of the parties. In addition, the decision made by the Antimonopoly Committee of Ukraine to fine Gazprom for allegedly abusing its monopolistic position in Ukraine's gas transit market would be reversed and the Company's violated property rights in the country would be restored.

The second crucial issue is Ukraine's readiness for direct purchases of Russian gas starting from 2020 and the expected amounts thereof. The decision on the part of Ukraine will directly affect the throughput of the Russian gas transmission system that Gazprom will have to maintain on the Ukrainian border.

It should also be noted that, in order to integrate the EU's Third Energy Package into the national legislation, the Ukrainian authorities need to, inter alia, ensure the genuine independence of the national energy regulator and create an independent certified gas transmission operator. If these efforts are not completed by January 1, 2020, Gazprom will be willing to extend the effective transit contract for the transitional period taking into account the current market conditions.

Information Directorate, Gazprom


Disclaimer

OAO Gazprom published this content on 06 November 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 November 2019 13:54:01 UTC

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Financials (USD)
Sales 2019 122 B
EBIT 2019 20 462 M
Net income 2019 21 135 M
Debt 2019 34 250 M
Yield 2019 6,14%
P/E ratio 2019 4,10x
P/E ratio 2020 4,71x
EV / Sales2019 1,01x
EV / Sales2020 1,06x
Capitalization 88 853 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 4,19  $
Last Close Price 3,89  $
Spread / Highest target 35,8%
Spread / Average Target 7,66%
Spread / Lowest Target -30,7%
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
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