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    GAZP   RU0007661625


End-of-day quote Moscow Micex - RTS  -  2022-07-07
198.00 RUB   +0.04%
12/02Eastward gas flows via Yamal-Europe pipeline dip slightly
11/30Analysis-Europe wary of Turkish hub to hide gas 'made in Moscow'
11/30Moldova says price it pays Gazprom for natural gas to fall 4% in December
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U.S. has much to gain from Nord Stream damage, Russia says at U.N.

09/30/2022 | 06:25pm EST

Sept 30 (Reuters) - The Russian ambassador to the United Nations on Friday told the Security Council that the U.S. has much to gain in gas trade from damage to the Nord Stream pipeline system under the Baltic Sea but stopped short of blaming Washington for this week's explosions.

A council meeting convened at Russia's request addressed leaks discovered on Tuesday on the Nord Stream 1 and 2 pipelines on which Russian-controlled Gazprom and its European partners spent billions of dollars.

A main question about the blasts was whether the United States could gain from the destruction of the pipelines, ambassador Vassily Nebenzia said. "The answer is undoubtedly."

"American liquefied natural gas suppliers should be celebrating the manifold increase in LNG supplies to Europe," Nebenzia said.

Earlier on Friday Russian President Vladimir Putin said the United States and its allies blew up Nord Stream. "The sanctions were not enough for the Anglo-Saxons: they moved onto sabotage," he said. The United States and other countries have imposed several rounds of sanctions against Russia since Putin sent his forces to invade Ukraine in late February.

The White House has dismissed the accusation it was responsible.

"Let me be clear, the United States categorically denies any involvement in this incident and we reject an assertion saying the contrary," Richard Mills, the U.S. deputy representative to the United Nations, said at the meeting.

Mills added that the United States has boosted LNG exports in recent years because Russia has long not been a reliable supplier of energy to Europe. Russia has in years past cut off gas supplies to Eastern Europe in winter during gas pricing disputes.


Russia, which slashed gas deliveries to Europe in response to the sanctions, has also said sabotage was a possibility and said accusations by some that it perpetrated the damage were "stupid".

The leaks have raised concerns about the safety of other energy systems in Europe and investigations about who was to blame.

U.S. national security adviser Jake Sullivan and NATO Secretary-General Jens Stoltenberg on Friday discussed protection of critical infrastructure "in the wake of the apparent sabotage of the Nord Stream pipelines in the Baltic Sea," the White House said.

Analysts say it is possible the damage was inflicted by devices that are available on the commercial market but that given the scale and precision, it was more likely carried out by an actor with access to more sophisticated technology.

The magnitude of the explosions probably corresponded to an explosive load of several hundred kilos, the permanent missions to the U.N. of Denmark and Sweden said in a letter dated Thursday to the French U.N. Mission, which holds the presidency of the 15-member council for September.

The ruptures also represent a risk to the climate. The pipeline leaks may mark the biggest single release of methane, a powerful greenhouse gas, recorded, the UN Environment Programme said.

Sergei Kupriyanov, a Gazprom spokesperson, told the council meeting that 800 million cubic meters of natural gas had escaped. The volume of escaped gas was equivalent to three months' supply for Denmark, he said.

The Nord Stream 1 pipeline, once the main route for Russian gas to Germany, was already shut but cannot now be easily reopened. The new Nord Stream 2 pipeline had yet to enter commercial operations. (Reporting by Timothy Gardner and Simon Lewis; editing by Grant McCool)

ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
GAZPROM 0.04% 198 End-of-day quote.-42.32%
S&P GSCI NATURAL GAS INDEX -6.78% 294.0819 Real-time Quote.68.39%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) 1.62% 62.572 Delayed Quote.-18.33%
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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 74 714 M 74 282 M
EV / Sales 2020 1,44x
EV / Sales 2021 1,08x
Nbr of Employees 468 000
Free-Float 50,5%
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Number of Analysts 0
Last Close Price 198,00
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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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