Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Russia
  4. Moscow Micex - RTS
  5. Gazprom
  6. News
  7. Summary
    GAZP   RU0007661625

GAZPROM

(GAZP)
  Report
End-of-day quote Moscow Micex - RTS  -  2022-07-07
198.00 RUB   +0.04%
11:12aAnalysis-Europe wary of Turkish hub to hide gas 'made in Moscow'
RE
11:03aMoldova says price it pays Gazprom for natural gas to fall 4% in December
RE
10:32aGazprom rejects Uniper's claims for billions in compensation over undelivered gas
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies
Days
:
Hours
:
Minutes
:
Seconds

Moldova fears Gazprom could cut gas supply from Oct. 1 - president

09/26/2022 | 10:26am EST

CHISINAU, Sept 26 (Reuters) - Moldova fears Russian gas company Gazprom could reduce or cut the country's gas supply from Oct. 1 and is looking at alternative energy sources, President Maia Sandu said on Monday.

One of Europe's poorest countries, Moldova is heavily reliant on Russian gas and has been hit hard by the surge in gas prices since Russia's invasion of Ukraine.

"We have no confidence that Gazprom will continue supplying gas to Moldova after Oct. 1. From this date, the price for Moldova under the current contract should be significantly lower," pro-Western president Sandu said.

"In case supplies are reduced or stopped, we are looking at the possibility of supplies of energy resources from alternative sources," she said.

Sandu did not say why Gazprom might reduce or cut supply. State-controlled Gazprom, which has reduced gas supplies to Europe since Russia invaded Ukraine in February, did not immediately comment on her remarks.

Moldova has previously said Gazprom could cut off gas if one of the contractual conditions is not met - completion of an audit of its accumulated debt for supplies estimated at $709 million.

The gas price in Moldova fluctuates from month to month based on the spot price for gas and oil. But from Oct. 1, the formula used to calculate the price will change.

Currently, the gas price formula is 70% based on the spot gas price, which is very high, and 30% on the oil price. From Oct. 1, the formula will change to be 70% based on the oil price and 30% on the spot gas price.

State gas company Moldovagaz has paid for gas deliveries from Gazprom for August, but a senior company source told Reuters that it is struggling to make its 50% advance payment for September amounting to $33.89 million.

Thousands of protesters have gathered in Chisinau over the last two weekends, demanding the resignation of Sandu and her government and complaining of high inflation and fuel prices. (Reporting by Alexander Tanas, Writing by Tom Balmforth, Editing by Timothy Heritage and Jane Merriman)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BRENT OIL 0.00% 86.58 Delayed Quote.6.82%
GAZPROM 0.04% 198 End-of-day quote.-42.32%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) 1.46% 60.9 Delayed Quote.-18.83%
WTI -0.33% 80.293 Delayed Quote.1.55%
All news about GAZPROM
11:12aAnalysis-Europe wary of Turkish hub to hide gas 'made in Moscow'
RE
11:03aMoldova says price it pays Gazprom for natural gas to fall 4% in December
RE
10:32aGazprom rejects Uniper's claims for billions in compensation over undelivered gas
RE
10:18aUniper Files Arbitration Case Against Gazprom in Sweden; Stock Down 7%
MT
11/29Equinor to drill 25 exploration wells off Norway next year
RE
11/28Nord Stream updates Russia-Germany pipeline outage end-date to April next year
RE
11/28Gazprom Says Not Planning to Reduce Gas Supplies to Moldova
MT
11/28Russia's Gazprom lifts immediate threat of cut to Moldova's gas supply
RE
11/28Russia's Gazprom won't reduce gas supplies to Moldova, but reserves right to
RE
11/27Gazprom to ship 42.6 mcm of gas to Europe via Ukraine on Sunday
RE
More news
Analyst Recommendations on GAZPROM
More recommendations
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 76 874 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
Full-screen chart
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
Sector and Competitors
1st jan.Capi. (M$)
GAZPROM-42.32%76 435
SAUDI ARABIAN OIL COMPANY2.93%1 942 677
SHELL PLC48.01%202 968
TOTALENERGIES SE32.06%152 699
PETROCHINA COMPANY LIMITED0.29%126 799
EQUINOR ASA59.81%119 593