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    GAZP   RU0007661625

GAZPROM

(GAZP)
  Report
End-of-day quote Moscow Micex - RTS  -  2022-07-07
198.00 RUB   +0.04%
05:09aRussia's Gazprom Restarts Gas Supplies to Italy via Austria
MT
05:02aEUROPE GAS-Prices ease as stocks fill, supply swells
RE
03:09aItalian Energy Giant Eni to Secure Part of Russian Gas Flows Through Austria
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EUROPE GAS-Prices rise on UK outages, Russian supply fears

08/01/2022 | 06:01am EDT

LONDON, Aug 1 (Reuters) - British and Dutch wholesale gas prices inched up on Friday, supported by heavy maintenance at UK natural gas production facilities and continued uncertainty related to Russian supplies to Europe.

The British day-ahead contract was up by 21 pence at 285 pence per therm at 0946 GMT, while the contract for immediate delivery was 14 pence higher at 290 p/therm.

The front-month Dutch gas contract was up 7.00 euros at 198.50 euros per megawatt hour (MWh), while the contract for next-day delivery rose by 7.05 euros to 198.80 euros/MWh.

Natural gas production on the UK Continental Shelf (UKCS) is expected to drop from Monday by 23 million cubic metres (mcm) per day to 79 mcm, according to Refinitiv, due to multiple planned outages.

As a result, the UK system was more than 4 mcm undersupplied on Monday, according to the National Grid website.

Russian gas flows to Europe via Nord Stream 1 slightly increased, but uncertainty around the supplies kept the market on edge.

Russian gas producer Gazprom has reduced the capacity of Nord Stream 1, the major delivery route to Europe for Russian gas, to a fifth of its total capacity, citing maintenance issues.

However, the gas prices gains were capped due to arrivals of multiple liquefied natural gas (LNG) cargoes to UK terminals, and also an expectation of strong wind in coming days that could reduce British demand for gas for electricity production, Refinitiv analysts said.

UK peak wind power generation is forecast at around 11 gigawatts (GW) on Monday, rising to 15 GW on Tuesday, out of a total metered capacity of 19.9 GW, Elexon data showed.

"News from Australia, that the pressure to lower the LNG exports is building in order to supply the local market, is also keeping gas prices from easing further," said Hans van Cleef, senior energy economist at ABN AMRO.

In the European carbon market, the benchmark contract rose by 0.86 euros to 79.41 euros a tonne.

(Reporting by Bozorgmehr Sharafedin; Editing by Jan Harvey)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
GAZPROM 0.04% 198 End-of-day quote.-42.32%
NATIONAL GRID PLC -0.73% 924.4 Delayed Quote.-12.12%
S&P GSCI NATURAL GAS INDEX -1.13% 316.2281 Real-time Quote.74.53%
All news about GAZPROM
05:09aRussia's Gazprom Restarts Gas Supplies to Italy via Austria
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05:02aEUROPE GAS-Prices ease as stocks fill, supply swells
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Analyst Recommendations on GAZPROM
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Financials (USD)
Sales 2021 10 241 B 162 B 162 B
Net income 2021 2 093 B 33 210 M 33 210 M
Net Debt 2021 2 927 B 46 436 M 46 436 M
P/E ratio 2021 0,05x
Yield 2021 1 143%
Capitalization 4 682 B 78 999 M 74 282 M
EV / Sales 2020 1,44x
EV / Sales 2021 1,08x
Nbr of Employees 468 000
Free-Float 50,5%
Chart GAZPROM
Duration : Period :
Gazprom Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Consensus
Mean consensus -
Number of Analysts 0
Last Close Price 198,00
Average target price
Spread / Average Target -
EPS Revisions
Managers and Directors
Alexei Borisovich Miller Deputy Chairman & Chairman-Management Board
Viktor Alexeevich Zubkov Chairman
Denis Vladimirovich Fedorov Head-Marketing & Administration Department
Yuri Stanislavovich Nosov Head-Administration Department
Timur Askarovich Kulibayev Independent Director
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