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    GAZP   RU0007661625

PJSC GAZPROM

(GAZP)
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End-of-day quote Moscow Micex - RTS  -  2022-06-30
192.50 RUB   -7.00%
02:53aRussia's Gazprom says gas exports to Europe via Ukraine at 42.15 mcm
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07/01Explainer-Germany's plans to spread gas price risk
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07/01Russian state companies hike salaries amid double-digit inflation
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German government should have more say over gas reserves, minister says

01/21/2022 | 04:03am EDT

FRANKFURT, Jan 21 (Reuters) - The German government should have more influence over gas reserves, Economy Minister Robert Habeck was quoted as saying on Friday, amid tensions with major supplier Russia.

Options for the state to intervene in both boosting storage and withdrawals are currently legally very limited, Habeck told Der Spiegel magazine in an interview.

"This is unsatisfactory and the last word has not been spoken," he said.

Sky-high European gas prices have received a further boost from concerns Russia might invade neighbour Ukraine, potentially prompting Western sanctions and disrupting gas supplies.

High prices and low gas stocks have also stoked fears that industry and households could run short, or pay over the odds, for supplies this winter.

Germany's 24 billion cubic metres of gas storage capacity equates to around a quarter of annual domestic consumption, but inventories currently stand at just 45%, down 9% from a year ago, GIE industry group data shows.

Habeck said the government should do more to protect supplies ahead of next winter.

"I see a political task in that," he said.

The storage industry is privately organised but handling fees for storage services are regulated. Russia's Gazprom owns a number of sites in Germany and Austria.

Habeck also said Germany would not have to pay compensation if its regulator decided the Russian-led Nord Stream 2 gas pipeline into Germany was not in compliance with German and European Union laws. (Reporting by Vera Eckert Editing by Mark Potter)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
PJSC GAZPROM -7.00% 192.5 End-of-day quote.-43.92%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) 2.08% 55.25 Delayed Quote.-27.77%
All news about PJSC GAZPROM
02:53aRussia's Gazprom says gas exports to Europe via Ukraine at 42.15 mcm
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Financials (USD)
Sales 2022 163 B - -
Net income 2022 56 293 M - -
Net Debt 2022 39 823 M - -
P/E ratio 2022 1,78x
Yield 2022 14,2%
Capitalization 82 566 M 82 566 M -
EV / Sales 2022 0,75x
EV / Sales 2023 1,01x
Nbr of Employees 468
Free-Float 50,5%
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Number of Analysts 4
Last Close Price 3,49 $
Average target price 5,30 $
Spread / Average Target 51,7%
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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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