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    GAZP   RU0007661625

PJSC GAZPROM

(GAZP)
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End-of-day quote Moscow Micex - RTS  -  05-18
266.68 RUB   +0.69%
07:48aEU lets gas buyers decide on rouble accounts, but "advises" against it
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Russia urges Germany and EU not to delay Nord Stream 2

01/17/2022 | 08:34am EDT

MOSCOW, Jan 17 (Reuters) - Russia on Monday urged Germany and the European Union not to drag its feet over certification of the Nord Stream 2 gas pipeline, which has become a focal point in political disputes between Moscow and the West.

The pipeline to Germany would double Russian gas export capability under the Baltic Sea to 110 billion cubic metres per year, circumventing Ukraine.

The project, lead by Russia's Gazprom, has been a geopolitical irritant to the United States and countries including Ukraine and Poland since before contruction was completed in September, with regulatory clearance expected no earlier than the end of the first half of this year.

"The certification procedure by Germany's regulators and the European Commission should not be artificially protracted and politicised," Russia's Foreign Ministry said in a statement.

"It has to be conducted in strict compliance with the current norms."

Russian Foreign Minister Sergei Lavrov is due to meet his German counterpart Annalena Baerbock on Tuesday during her working visit to Russia, with Nord Stream 2 and Russia's build-up of military forces near the Ukrainian border likely to be among matters under discussion.

Baerbock said on Monday that the pipeline is on hold and does not comply with European energy law.

Germany has supported Ukraine with aid and diplomatic backing in its standoff with Moscow since Russia seized the Crimean peninsula in 2014.

(Reporting by Vladimir Soldatkin and Anton Kolodyazhnyy Editing by David Goodman)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ON SEMICONDUCTOR CORPORATION 0.43% 56.07 Delayed Quote.-17.80%
PJSC GAZPROM 0.69% 266.68 End-of-day quote.-22.31%
PUBLIC JOINT STOCK COMPANY GAZPROM NEFT -2.79% 418 End-of-day quote.-23.27%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) -2.18% 62.118 Delayed Quote.-14.26%
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Financials (USD)
Sales 2022 162 B - -
Net income 2022 50 631 M - -
Net Debt 2022 39 823 M - -
P/E ratio 2022 2,20x
Yield 2022 16,3%
Capitalization 102 B 102 B -
EV / Sales 2022 0,88x
EV / Sales 2023 1,01x
Nbr of Employees 468
Free-Float 50,5%
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Number of Analysts 3
Last Close Price 4,31 $
Average target price 5,30 $
Spread / Average Target 22,8%
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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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