1. Homepage
  2. Equities
  3. Russia
  4. Moscow Micex - RTS
  5. PJSC Gazprom
  6. News
  7. Summary
    GAZP   RU0007661625

PJSC GAZPROM

(GAZP)
  Report
End-of-day quote Moscow Micex - RTS  -  2022-07-07
198.00 RUB   +0.04%
02:51aRussia's Gazprom says it will ship 41.3 mcm of gas to Europe on Sunday
RE
08/05EUROPE GAS-UK prompt prices rise on lower wind, undersupply
RE
08/05Yamal-Europe pipeline's eastward gas flows rise
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Dutch natural gas storage facilities 50% filled for winter

06/25/2022 | 07:38am EDT

AMSTERDAM (Reuters) - Dutch natural gas storage facilities have been filled to 50% of their capacity, data from Gas Infrastructure Europe showed on Saturday, about two months earlier than in 2021 and helping prepare for peak winter demand.

Filling accelerated in May when the Dutch government offered a 400 million euro ($422 million) subsidy for gas companies to fill a storage facility at Bergermeer during the summer filling season, which runs from April 1 to Oct. 1.

It also expects to pay 6.5 billion euros for filling the storage at Norg, one of the country's other main facilities, through 2023.

The government is targeting having storages filled on average to 80% by winter, in line with provisional European targets.

The 4.1 billion cubic meter (bcm) Taqa-operated site at Bergermeer, in which Russia's Gazprom owns rights to 40% of capacity, is currently just 35% filled. In 2021 Gazprom did not make use of the Bergermeer site.

The Dutch government is targeting filling Bergermeer to 68% by winter - including part of Gazprom's capacity - under a "use it or lose it" clause.

To reach 80% on average for all Dutch storage facilities, other sites will need to be filled to capacity.

Large sites operated by NAM, a joint venture between Shell and Exxon, which include big storages sites at Norg and Grijpskerk, are on average currently 58% filled.

This week the Dutch government activated the first phase of an energy crisis plan, removing caps on production at coal plants in order to conserve gas following moves by Gazprom to reduce delivery to Europe.

($1 = 0.9475 euros)

(Reporting by Toby Sterling; Editing by David Holmes)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ABU DHABI NATIONAL ENERGY COMPANY PJSC -0.79% 1.26 End-of-day quote.-4.55%
EXXON MOBIL CORPORATION 1.45% 88.45 Delayed Quote.44.55%
PJSC GAZPROM 0.04% 198 End-of-day quote.-42.32%
PUBLIC JOINT STOCK COMPANY GAZPROM NEFT 0.61% 390.3 End-of-day quote.-28.36%
S&P GSCI NATURAL GAS INDEX -0.75% 377.4417 Real-time Quote.117.75%
SHELL PLC 0.82% 2150 Delayed Quote.32.57%
All news about PJSC GAZPROM
02:51aRussia's Gazprom says it will ship 41.3 mcm of gas to Europe on Sunday
RE
08/05EUROPE GAS-UK prompt prices rise on lower wind, undersupply
RE
08/05Yamal-Europe pipeline's eastward gas flows rise
RE
08/04Nord Stream 1 Operating Only One Out of Six Turbines, Gazprom Says
MT
08/04EUROPE GAS-UK prompt prices rise on lower wind, Dutch prices decline
RE
08/04Petropavlovsk To Sell $600 Million Russian Business To UMMC
MT
08/04Russia to spend $30 billion on Northern Sea Route by 2035
RE
08/04Gazprom To Co-own New Sakhalin-2 LNG Project Operator
MT
08/03Gazprom to receive 50% of entity replacing Sakhalin LNG project -TASS
RE
08/03Germany has all documents needed to deliver gas turbine - spokesperson
RE
More news
Analyst Recommendations on PJSC GAZPROM
More recommendations
Financials (USD)
Sales 2022 163 B - -
Net income 2022 56 293 M - -
Net Debt 2022 23 071 M - -
P/E ratio 2022 1,72x
Yield 2022 21,2%
Capitalization 74 282 M 77 350 M -
EV / Sales 2022 0,60x
EV / Sales 2023 0,79x
Nbr of Employees 468
Free-Float 50,5%
Chart PJSC GAZPROM
Duration : Period :
PJSC Gazprom Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 4
Last Close Price 3,14 $
Average target price 4,76 $
Spread / Average Target 51,4%
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$)
PJSC GAZPROM-42.32%77 350
SAUDI ARABIAN OIL COMPANY21.98%2 323 392
SHELL PLC32.57%189 907
PETROCHINA COMPANY LIMITED-1.15%130 149
TOTALENERGIES SE9.55%127 251
EQUINOR ASA50.36%115 300