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    GAZP   RU0007661625

GAZPROM

(GAZP)
  Report
End-of-day quote Moscow Micex - RTS  -  2022-07-07
198.00 RUB   +0.04%
12:32pExclusive-Germany in talks to provide more state aid for gas imports - sources
RE
10:53aNord Stream operators: Authorities won't allow us to inspect damaged pipelines
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10:22aGazprom Sets Oct. 20 Payment Deadline for Moldova; Gas Supply Cut Possible
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Russia's Gazprom warns European gas prices could climb a further 60%

08/16/2022 | 05:43am EDT

* This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine

MOSCOW, Aug 16 (Reuters) - Russian state gas company Gazprom said on Tuesday that European gas prices could spike by 60% to more than $4,000 per 1,000 cubic metres this winter, as the company's own export and production continues to fall amid Western sanctions.

Gas flows from Russia, Europe's top supplier, are running at reduced levels this year, after one route was shut when Moscow sent troops into Ukraine in February and after sanctions triggered a dispute about the Nord Stream 1 pipeline's equipment. Gas prices have surged as a result.

"European spot gas prices have reached $2,500 (per 1,000 cubic metres). According to conservative estimates, if such a tendency persists, prices will exceed $4,000 per 1,000 cubic metres this winter," Gazprom said.

Dutch wholesale gas prices hit an all-time high of nearly 335 euros per megawatt hour (MWh) in spring. They have dipped since then to around 226.00 euros per MWh on Tuesday but remain far higher than a year ago when they were about 46 euros per MWh.

Kyiv has shut one of Gazprom's routes for exports to Europe, while Gazprom has reduced supplies to only 20% of the capacity of the Nord Stream 1 pipeline to Germany amid the equipment dispute.

Overall, Gazprom's gas exports fell by 36.2% to 78.5 billion cubic metres between Jan. 1 and Aug. 15 and production was down by 13.2% to 274.8 billion cubic metres comparing to a year ago, it said in a statement.

Gazprom's output was down by 32.2% so far in August versus a fall of 35.8% in July in annual terms, Evgeniy Suvorov, an economist at CentroCreditBank, said on his Telegram channel MMI, adding that export was down by 59% from minus 58.4% last month. (Reporting by Reuters; Editing by David Goodman and Edmund Blair)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
GAZPROM 0.04% 198 End-of-day quote.-42.32%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) -0.03% 59 Delayed Quote.-19.64%
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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
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Gazprom Technical Analysis Chart | MarketScreener
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Income Statement Evolution
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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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